Sure, take PAL as an example. It had a big move up and will probably give it all back if the panic comes. I expect it to go down to at least 3.00 and probably 2.75. It could even go as low as 2.30 in a serious panic. I break my orders into 3 parts just above those prices (larger quantities at the lower prices). Some other traders would just pick the lowest support price and hope they get a fill, but I find when I do that, I just miss getting filled, and then the stock rebounds quickly (kind of a Murphy's Law thing). If I have 2 smaller orders at higher prices, at least I've got something.

On a less liquid stock like GDMN, I would bid much lower (probably between 5.00 & 7.00), because it would require a lot less selling to hit the bid.

Finally, I lower my bids every day that the market goes down without panic, so my version of stink bids are moving targets.