Spanish French and Italian banks are all taking a hit right now as well so volatility and correction back down to the 4 range will happen but will take time. Perhaps 6-9 months, so be patient.
Rant on but know things will settle down in time.
A lot of the volatility is related to the fact that there is declining confidence in your country's central bank to manage the current economic crises.
I think a really under appreciated tool watch is the VC overseas. Not too many show up used but when they do you can get them in that price range. Non chrono etc obviously.