Sorta, but then if they are long term holders, then its just psychological, unless they need to sell of course.  I mean for a holder, down, could represent good time to accumulate and add to stack.  Up too quickly, is rarely good, unless its one of those moves whereby it raises the floor "permanently" , cut out a load of people who were on the sidelines or had previously been liquidated.

 Some sideways is alright, reaccumulation and some consolidation before next move etc , can always use options and collect premium
I guess.


But long sideways, like say a yearish give or take some months, is just depressing/boring.
  

I guess you could make the argument that sideways is a good time to accumulate if you think bottom is in..... but then you never know if it legs down after the sideways just to fuck as many people as possible..


I prefer violent moves, crush the longs then crush the shorts ..... v shaped bottoms etc.


Just get it over with , I dont wanna wait a year to bottom or wait  year after bottom for some action... it hurts.


Thats just me thou'