Jake,
Because we all believe that it is worth more than .80 and we don't know that it will go back down to .60. If we did, and had an assurance that we could buy our 200, 300, 400k+ shares back before the next climb without forcing the price up, then, yes we would sale.
If you have a crystal ball, please let us know, mine is in the shop!
Cheers
Brez
PS. I have way more than 200K and I have not sold one since 2003 ish.