The asnswer is NO, they really are not that stupid. The real question is WHY are buying? People like you have been saying exactly what you are for the last 50+ points of this run. The answer, the ones that have been asking it are the stupid ones so far. There are lots of ways to look at value and I suggest you expand your definitions. Your call! You can continue to be #$%$ off, miss big moves, maybe get crushed on the short side, or try to learn a new trick.