Jimbles - my bet is these are "mid" term holders - they're expecting a bad result be it from the actual K layer findings or a delay in getting them - doesn't really matter as they're probably betting on getting a lower SP entry.
Then expecting a rally when the real game comes in to play - the next layers.
Honestly I think its a risky play considering the SP already took a king hit - to expect it to fall even more given that there is a significant light on the horizon...
Well - if it were me - I wouldn't be selling.
And oddly enough - I haven't.
The K layer to me is like a really bad pizza you ate the night before - you HAD to eat it because I'm too cheap throw away food I went and PAID for - but I just need to get this nasty, painful, and relatively messy lot OUT OF MY SYSTEM before I can get back on the good stuff.
The K layer is that - a very bad case of gastro. Just get it over and done with and move forward.
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