Guess it depends on definition of "legitimate results". I don't think a r/s is, in and of itself, an indication of illegitimacy and when weighing the legitimacy of a company's results I bet top and bottom line numbers have a greater influence over innocuous share price engineering.
If there is a "rush" to get on the Nasdaq it is perhaps a rush because we are at a bona fide tipping point in this industry. As noted frequently on this forum, there is now a triple threat of unprecedented activity on the legislative front, in popular opinion, and in investor sentiment. So, if we are rushing to catch the top of this wave then I say paddle hard! In the immortal words of Jeff Spicoli, "all [we] need are some tasty waves..."