I agree with you there MK in the fact that the $2 level was not overvalued. Several factors are in play here, but i firmly believed, and still believe that $2 was not overvalued at the time.
With that said, i realize we have had a major selloff now, and i believe it all started with insider selling which brought us down from the $2 level. The question is, is that selling stopped for now?
But i do agree that $2 was not overvalued, but something happened that certainly took us down nice and fast.