You are right except when you factor in that we believe it is artificially being held down. Then this becomes our only defense. BTW, the ask should not have gotten that high unless someone either left their post early or decided to have the price not look so bad and gave us the opportunity to attack.
Painters are not doing something that the flippers who are pushing us down are not doing. Everyone has an agenda. The market will correct it's self. Sure it will. In both directions.