Ultimately, we're doing the same thing. Making assumptions behind what drives price action. On one hand, one might wonder if there was inside information being traded on or front running. You on the other hand equate the price action to fundamentals, BK risk, and projecting what 'the market participants' must be doing in response to what you see as deteriorating fundamentals that everyone else sees. Either way, it involves trying to pin a reason behind price action. Since nobody can do this, and nobody knows why a stock goes up or down on a day to day basis, I guess it's a moot point in trying to argue this further. Just stating spidey senses.
