Yes turn49. There is a cause and effect protocol that rules the universe. You are 100% correct.
Don't get me wrong. I am long on Mint. But here is the explanation.
Mint longs are waiting on a series of NR's that will give the market a compass that indicates where the stock is going. Now, listen to this. The NR's are not forthcoming (as yet) and this is making some longs a bit uncomfortable - this is the cause.
Now for the effect. It is a know fact that I am greedy and love to take advantage of market fear (and I do not bash). Why I do not bash? Humans, by nature, are fearful and ready to run from anything at the drop of a pin. No positive NR's will create uncertainty in the dark recesses in the minds of the weak. By me dropping the bid will create a psychological paranoia that will make some people filth their pants and hit the sell button. Wolla! I get cheap shares.
Turn49, its all about market psychology. You are correct - it is cause and effect.