You are right on all counts! Those selling @ .0006

You are right on all counts! Those selling @ .0006 thinking they will be able to jump back in at lower levels to catch the bounce are mistaken. Smart swing traders sold a portion of their holding @ .0008>.001 and are poised to take advantage of the mistaken ones. Many savvy traders here are bid sitting at the top of the queue @ .0004>.0005 and will prevent the mistaken from reloading. The mistaken will end up buying at above their .0006 sell point to ride this train.