&gt; Price is a function of faith in the future.<p>That is a fairly unfalsifiable statement, and it is trivially true for nearly anything, b&#x2F;c we all make all decisions today based on the faith&#x2F;expectation that we will be alive tomorrow.<p>The notion that tomorrow will be substantially different from today makes nearly all planning useless, so it&#x27;s trivial that all planning hinges on some notion of faith in the future.<p>But price itself is only a function of supply and demand.  If I am selling bread and it&#x27;s nearly time for me to go home and the bread will be stale tomorrow, I might offer the remaining loaves to the last few customers at a discount if I expect it not to sell otherwise, etc.  Supply vs demand.  Charted on a graph the price would take a nose dive at the end of the day.<p>If a short term investor feels that his position will not improve, it makes sense to liquidate. The more symmetrical market participants&#x27; views are, the more the price will change as a result of trading (why would someone sell when they expected the price to go up?.  This illustrates the adage that one person&#x27;s junk is another person&#x27;s treasure) To be logical we must consider would-be buyers and would-be sellers of the shares.<p>Only in the rather peculiar case of significantly <i>asymmetrical</i> views of the future price will the price remain stable with lots of shares changing hands.