You, Me, and an Algorithm Watching algorithm's panic sell index companies trading at 15x, 20x, 30x earnings is neither shocking or surprising. Many experts have openly warned about the passive investment bubble and the potential for sudden and violent selloffs from those AI trading platforms.
That said, this is the venture sector and Nextleaf wasn't trading at a multiple. The volitility on this stock currently still points up significantly more than down. There are many companies that dissappeared during the 2008 meltdown while others grew into name brands.
I feel very comfortable with my 0.24$ purchase today, nor do I think this stock will tank based on uninformed fears posted by random accounts on a stockhouse message board. Place your bids, close your computer, buy some hand sanitizer and enjoy your life.
People get sick during winter, who'd of thought.