No matter what happens, it's always "dumb money" or "dumb people" selling to limit losses and preserve capital. Since when is it "smarter money" to hold the expanding declines? Do you believe you are being one up, ahead of those who cut bait early January at ~$5, too, and ones who sold once $5 caved?
That's all we've heard the whole trek downward, how it's only the "stupid, illiterate people hitting the exits!"