This dangerously assumes the market has even the slightest clue...

This dangerously assumes the market has even the slightest clue what they are investing in. Investing in a spec stock and they jump ship before we even finish the well? That is exactly why you shouldn't listen to how the market is reacting and instead judge the company fundamentals for yourself.

Dumb money follows the market, smart money leads it. Can guarantee the people leaving 88E now and over the last couple weeks are /not/ the people who have been in this since IW1. They will be the people who heard about the stock late or saw it performing well and got on board because the rest of the market did too. If I paid attention to what the market did during IW1 I wouldn't have made a cent off their dumb asses selling me ultra cheap shares.