As far as your eye teeth - you are probably like me and use 'logic', 'reason' and 'risk management' to understand a non logical and fear / greed driven herd mentality that has elements of corruption just for good measure. Sorry to sound so bleak, but I am actually quite positive due to accepting this is the way it is. So I would hang on to those teeth of yours because you will be better for continuing to question that following (and also eating when you are older ;)).
The people selling see opportunities elsewhere. They have probably done well in the last 6 months also and see some steam run out of this guy. From the buy and sell depth I don't see much from the buy side in this downturn of recent weeks. I actually see some elements of trying to keep the price down whenever there has been a sniff of pivot (i.e. it went to 60 then was pushed down to 57 yesterday). So, if I had cash I would be buying if I could because it won't be like this for ever and there may be a reasonable 20-30% short-medium turn gain (may take until dividend record date - not to mention the 6-7% dividend). To me, that is pretty good.
Good luck holders
MCW Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
