The market is never wrong? So it was right when this was 8c and...

The market is never wrong? So it was right when this was 8c and we should hold for the recovery? Or was it right at 6c? Or was it right at 4c? Nothing has changed fundamentally that would justify those price changes and I never buy that "the market is never wrong" line. I've traded plenty of small stocks for 30-50% swings where nothing has changed fundamentally during those price swings. In fact you often have stocks go up a long way on no news and then sometimes get sold off on good news. PET went to $1.60 and then fell to 81c on no negative news. There was more positive news. Either the market was wrong at $1.60 or it was wrong at 81c. It certainly was not right at both those levels and all levels in between. The market is often VERY wrong with small and especially spec stocks. That's what creates the opportunities to profit for traders as well as investors that wish to hold longer term.