Look to $GDXJ, the junior gold miner, which tells some of the story. Breaking technical levels over there, and still has yet to find a floor.
$SAND had moved ahead of itself, and many recently invested really don't know what they own...definition of weak hands.
Two days back our stops triggered, selling out all our trading position, and so we have been looking a prices to get back in, playing for a bounce. We just had a fill at $11.30, the 9/18 gap fill, and are waiting to see if 11.07 - $10.98 range holds, before we add more.
If it does, it has the potential to be a strong double bottom.