When 40 is hit, I expect a quick drop to below $30 from all the insiders selling and getting what cash they can. This thing could drop below $20 in the next 3 months if panic sets is, because they do not have fundamental profits to support anything above $10
Well, you were wrong. This fell to 40, and even slightly below that, in the worst market conditions conceivable and it did NOT experience "a quick drop to below $30". There were no signs of panic setting in.
Making short-term predictions like that are good for putting egg on your face, but not much else.
This is a volatile stock, and a long term play for those willing to ride out the swings. The price is not about current "fundamental profits", but about future potential.
This gives opportunities to traders and investors.
Traders should play the ranges, and investors should buy on weakness.