How many stocks have you owned that you bought under or close to a dollar and they increase by 500%? This is my third, the other two I sold after getting 5x to 7x my investment. Both of those stocks continued climbing and I kicked myself (and also jumped back in to end up making a very tidy sum, but I always had my "loss" in the back of my head....sold at 0.67 and bought back in at 1.35....even though I eventually sold 25 to 30.00 isn). At 0.97 now that we know it went down everyone says you should of known. Well, if it had kept going up everyone would be saying sucker you should of known it would keep climbing. Even if you had sold at 0.97 who knows at what price you would of bought back in (0.75, 0.5, ??) probably wouldn't of had much powder left by the time it got down to 0.30. I believe I would of bought most back in before it hit 0.50 cents (because the potential for news has been hanging over our heads for months). Recall how long the stock touched 0.13 and then dropped to 0.07. As a result a lot of the complainers are the people who got caught with their pants down when it pushed right through. As long as you believe the company is going to be profitable buying and holding is a reasonable strategy.
I will say that the company was not as clear about the 2.1 to 2.4 valuation being a future valuation at today's cost. So that valuation was always the value of the stock in 2016 (when they believed they would be launching the first ART drug). Now my question is is that the actual value of the company due to its expected earnings or the estimated price of its stock. If its the former then we could put some multiple on that to get to a reasonable P/E ratio.
