Maybe2014, I think a chunk of the angst about alexium's SP,...

Maybe2014,
I think a chunk of the angst about alexium's SP, particularly over the past 6 months or so, is misplaced and should not have just been directed at the company and its much discussed shortcomings. The market surrounding the smaller caps has mostly been a shocker as the money IMO has rotated into the banks and resource stocks and more generally into the top end, particularly the value (dividend paying) stocks.

Have a look at the XEC (Emerging Companies Index) sometime which has taken a hammering this past 6 months. With some exceptions, generally about 60% or more of price action is a response to market and sector forces and this pre-conditions those related stocks in bad market periods to have to deal with a backdrop of negativity.

If one is a trader, one of the first considerations is not to trade against the market direction and/or the related sector. Sure there are always exceptions but it is perilous to ignore the market. I am not saying Alexium would have continued to be a bolter in the right conditions, a reset pullback was likely inevitable after the big initial surge, but I suspect that it would be in a much better position now had the market been more accommodating.

I think the smaller end is stirring as some of the money bolts from the value stocks now. Hopefully better days ahead.