He obviously wanted the opinion on a technical trader, buying...

Not joking, just because another company is trading at ridiculous multiples doesn't mean this is fair value.

If a buddy came to you and said hey Invest in my business, it generates $2m revenue, runs at a loss, I'm going to pay myself ridiculous amounts and issue more shares as bonuses and dilute your investment and on top i'm valuing it at 100m. You going to say yes? Take my money?

I doubt it because if you take the hype and emotion out, this is way over priced run up by people who quote a summary but can't read the financials.

"Let's see by the end of the year, who's laughing" You're too invested emotionally, I'm black and white. Company financials are rubbish (as evident by the sell off on release) But ill buy if the trend is there and run it til it breaks (or news comes out and reevaluate)

550 is a long term resistance, a break on this would be a good sign but there's a lot of other factors you would want to consider (volume, momentum and hopefully a new up trend)

He obviously wanted the opinion on a technical trader, buying after a 27% drop is pretty risky. You might as well hit the casino