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Do we have any idea what his real stake is? He could be moving it from his highly visible account to ones that nobody knows about? He might have a large tax bill from last year or he might be using the money to put back into Steem projects? There's no way we should rely on Ned, so I don't have a problem if he's selling. When he's sold, that selling pressure is gone and we don't have to worry about it. Maybe he's doing something that wont be good for the rest of us but I think its obvious that we shouldn't be relying on Ned now.

He has about 1m liquid steem in the ned account

From what I have read , it's mostly going to exchanges which inturn means selling for Fiat.

Probably but isn't that also a good way of hiding sending it to other steem accounts? He should be transparent and tell us if he's selling all his steem, like Charlie Lee was when he sold his Litecoin.

Selling at top would actually make sense.....get some funds for development or buy back at cheaper price....

but auto selling at bottom ? meaning he doesn't really care about it either ways..

IMHO

He should be transparent

You must be new around here.