I tend to agree with your conclusion - this stock is interesting as it has has imo such a huge 'cult ' following it is one of those ones that maybe just worth following for trades just because of the huge interest- it is actually great that you analyse ones like this as watching what 'hot 'things do is a really good exercise -
Some of course are now extremely underwater- and trading nervously - there are big money sharks in the water - some true believers are just holding and thinking it will go up again to previous high- which provides all the ingredients for high volatility