There are plenty of people, including money managers, who understand that this is a great price. They are just waiting for the right moment to bite. It usually starts with someone nibbling at the market and starting to accumulate. Or, someone sells aggressively to test the market for the absolute low. The Rothschilds were notorious for this type of market test and probably the first to do so in a manner that the public became aware of such tactics. They sold something they wanted to buy to force the price down so they could start accumulating at the very bottom. Either way, there will come a point where savvy buyers will start accumulating again.
- David Morgan via Investor Ideas