There is absolutly nothing stupid about protecting your capital when you feel it is in jeprody. Unless great news is released to bump volume it is going to take some time to absorb the PP shares.
When a company looses credibility some times it is a long wait till interest builds strong enough to rally the troops again. Once trust is lost the people who were there previously don't easily forget. In the current market conditions, uptrending stocks are a bit more safe Entry point when it starts up out of a dip and when you have a profit take it.

A trader lymric

He who sells and walks away can return and buy another day.

But they who's trade accounts are drained will never come to trade again.