The Share Price dropped too quickly for most traders to get out, unless you wanted to take a large loss that morning.
There always will be a few people who will show up AFTER & say something like...
"I saw this coming & obviously it was a scam all along & I sold my shares for a small loss! Why didn't you? You must be lousy trader!" Or my personal favourite... "You didn't do your DD! Blah! Blah! Blah!"