Based on what? Most of the people trying to buy their first Bitcoin are still waiting in line at mtGox and now that the prices are cheaper they'll buy a lot more. People who jumped ship were professional traders not the mainstream public looking for long term investments or looking to buy Bitcoin to hold for a year.
I bet most of those people waiting in line at Mt.Gox were in for promise of easy money. I think some of them may interpret the fall from $260 to $60 as a warning sign and back off.