Could happen, but I doubt it, the market is showing more resilience than I expected, though, thus your scenario could still happen. Right here, sold the second serving of QLTI at $17.67 (HOD so far) for $1.21. Also in QLGC here at $56.04. In edit, I can't get a good discount on NVEC back in here at $58.78.
In edit, in SNDK here at $78.35, also added MERQ at $47.92. Minutes later, in CDWC here at $59.35.