If you are patient and willing to wait, Avid might come back, not on fundamentals, but becaus of renewed momentum. In the meantime, to make money, or not lose it, you will have to be very patient and lurk for perhaps months.
There are scared longs here, right now, who believe this will all be over soon - a week at most - and so will "hold" as the carnage unfolds. Unfortunately, they had better be prepared to hold for months, not days or weeks, and live with massive unrealized losses as they sit trembling in the peanut gallery.
Soon we'll all learn that insiders were selling all they could, under the law, while Rome was burning.