I don't think S&L are dumping and running but I do think it's entirely possible that they're taking "some" shares off the table. 

This may be an Agora first but I admit that I was wrong saying the (very recent) SP decline was S&L selling.  I now believe (as most others do) that it was retail selling.  Lots of margin calls and lots of people taking advantage of some huge drops in great stocks.  I stand corrected.