Rob, good for you. Of course, I was there on the buying side. As usual some people (the ones that panic, and sell) do not know how to valuate a company. What in the world are they "thinking" it's beyond me. To dump a stock with a proven explosive revenue of above $20 MM for the last 9 months, with Q over Q growth of 400%, and only some 20 M OS, when the Price/Sales is just 0.02, what can I say? I bet some of them got into "sexy" companies like "PAPO" which this morning (before it tanked) riched a P/S ratio of as high as 350.
As a general rule, in days when the large cap companies get a good up like today, the pennies go down, and the other way around. Today my pie was green on the large cap side, and red on the pennies side.
Mike