As you say, in almost all cases, the shareholders voice denial.

That is to be expected.

What you did not say, and what is most pertinent is the statistics about how many of those stocks recovered, and how many collapsed. What were the fundamentals involved, etc.,

I remember that RIMM when it first IPOd (at $7.00) sagged down to $5.00. I also believe that there was a lot of shareholder disbelief and denial.

However, that disbelief was justified.

The point is that your post really does not support any argument about whether the stock will go up or down.

I would expect any stock that declines from its highs would generate this kind of sentiment from shareholders.

Those stocks with good reason to continue declining probably did.

Those that either had fundamental changes or no good fundamental reason for the decline recovered.

The key here is the company fundamentals, not the shareholder sentiment.

I feel the fundamentals support a much higher share price than we see here.

I have already given my reasons.

To indicate that similar shareholder sentiment has been seen before neither supports nor refutes your opinion that SSO will go to $20.00.