$tock$man55555-Quote from your post. Once again totally illogical in your thinking. Quote portion below

"Most competitors have moved into handheld devices but since the Aura has taken so long to reach market it is already antequated. If any of the deep pocketed majors listed above decide to get into this market the small players will get wiped out. Always a risk and why shrewd investors want to see a company perform before giving it lofty valuations."

Now would you consider the investors below to be shrewd or just stupid. Did they wait long to see how this company performed. The company I refer to here is MELA Sciences. And no they didn't wait at all. 

 

Top Institutional Holders
Holder Shares % Out Value* Reported
JP MORGAN CHASE & COMPANY 2,075,601 6.57 6,662,679 Sep 30, 2012
Key Colony Management, LLC 1,212,380 3.84 3,891,739 Sep 30, 2012
BlackRock Institutional Trust Company, N.A. 764,654 2.42 2,454,539 Sep 30, 2012
VANGUARD GROUP, INC. (THE) 658,166 2.08 1,178,117 Dec 31, 2012
Scoggin LLC 556,100 1.76 1,785,081 Sep 30, 2012
Norman Fields, Gottscho Capital Management, LLC 416,034 1.32 744,700 Dec 31, 2012
SHAW D.E. & CO., INC. 342,829 1.08 1,100,481 Sep 30, 2012
NORTHPOINTE CAPITAL LLC 264,380 0.84 848,659 Sep 30, 2012
CALPERS (CALIFORNIA-PUBLIC EMPLOYEES RETIREMENT SYSTEM) 225,700 0.71 404,003 Dec 31, 2012
ALLEN HOLDING INC. 188,665 0.60 337,710 Dec 31, 2012

Top Mutual Fund Holders
Holder Shares % Out Value* Reported
JP MORGAN SMALL CAP GROWTH FUND 669,529 2.12 1,513,135 Nov 30, 2012
VANGUARD TOTAL STOCK MARKET INDEX FUND 344,762 1.09 1,106,686 Sep 30, 2012
JP MORGAN DYNAMIC SMALL CAP FUND 279,083 0.88 630,727 Nov 30, 2012
VANGUARD EXTENDED MARKET INDEX FUND 244,940 0.78 786,257 Sep 30, 2012
SPARTAN EXTENDED MARKET INDEX FUND 117,358 0.37 265,229 Nov 30, 2012
Valic Company II-Small Cap Growth Fd 69,800 0.22 235,924 Aug 31, 2012
SEI INSTITUTIONAL INVESTMENT TR-SMALL CAP FUND 64,100 0.20 216,658 Aug 31, 2012
SEI INSTITUTIONAL MANAGED TR-SMALL CAP GROWTH FUND 59,900 0.19 192,279 Sep 30, 2012
ISHARES Russell Micro Cap (TM) Index Fund 56,712 0.18 101,514 Dec 31, 2012
SPARTAN TOTAL MARKET INDEX FUND 40,114 0.13 90,657 Nov 30, 2012