Yes clearly my post was referring to big boards and the correlation of the indexes being near all time highs and how so many individual stocks on the big boards are also at or near all time or 52 week highs. It makes perfect sense that would happen. 40 PE. hmmm(edit-40 PE is perfectly acceptable in this strong bull market even for a materials company, or in any other sector for that matter, hmm meant I made a mental note for future reference. I'll probably forget it though so nevermind)
LQMT and many other penny stocks have not necessarily followed the same pattern. But, in the case of LQMT that isn't really relative. Why? Because of dilution. The market cap of LQMT at 100,000,000 is pretty darn high. I don't really want to look it up and do all the math, but I would say that this "sustained" Market Cap of $100,000,000ish is definitely a high point compared to the LQMT of recent years and may even be measurable as at least 1 of the most notable high points with a sustained market cap for X amount of time averaged in daily above and below compared to other periods in its history. At least recently anyway. Maybe it's 2nd, 3rd, or whatever, but hey, it's definitely a notable high point in the value of the company.
Key word is sustained market cap. Not pops and drops. I do realize the 52 week high is .40ish.
Mother of all run on sentence wins.
Just my opinion and best of luck.
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