You need to quantify your asinine statement and avoid sweeping generalizations. Should longs that bought at 8+ bend over? Perhaps, but odds are they've taken a loss already or were savvy and averaged down. Me? I initiated a position today...20k shares at 4.40. I will sell for a 50% gain or more in short order. Trust me, I'm never wrong!
Hope u are right cuz i'm one of those guys who bought at 8+ (i.e., 8.33) and have been averaging down the past couple days. (I'm avg at 7.33 now and own more shares than you ... need a move up next week and will not sell until back at 10+).