Also understand that traders undercutting the ask

Also understand that traders undercutting the ask for bargains are also helping to bring the price lower while buying pressure is low. The MM's will be more than happy to eventually walk their asks down to fill those bids, and the shorts will happily join in to sell you cheap shares as they very much WANT to see the pps dropping. Some of them may be in for a very unpleasant surprise. I'll be laughing like hell when they get taken to the wood shed! lol