RE:how likely is more of a down trend???My friend we are currently trading at a 34% discount from the 52 weeks high. By your writtings, I can tell you are a pissed off investor who lost a lot of money on this exchange. So all the stocks that reach their 52 weeks high are overvalued? lol So you never had a stock with an upward trend (making money) before lol If the stock is overvalued please tell us why with specific facts.
By doing a little research you will find that it won't take incredible sales to bust that 52 weeks high 10M market cap. We are at an early stage, no s**t its hard to accurately price a pharmaceutical company with big information gaps to fill. But the story is incredibly easy to sell for coverage and promotion and that is also worth something. Take FCU for instance, Investors were and are still waiting and no value is generated... what is keeping the stock alive and green? THE STORY (promotion, coverage) Sorry but you will miss out... Your theories applies to your junior mining stocks where you will get plenty of 52 week lows.