Wanted to spark a discussion with Strawman investors regarding the nature of small capped speculative companies and their share price movements. 

We all know that investing in companies that are pre-revenue and with a small market cap are likely to be susceptable to larger swings in share price movement. But at what point do you (the investor in company x) say that it is unwarrented in either direction? Do you let the share price damage your conviction? This company is a terrific example of this for me. Clearvue's market cap increased by 2x + in recent months as revenues and the company alluded to exciting prospects, which have since proven to be a little further down the road then clearly the market anticipated. The market has smashed the stock back down to the same price it was before the monumental gains, and those who took profits on the way up (clearly) wouldn't be feeling as bad as those who bought at the top. 

After a SP crunch like this, generally speaking, do you revisit your thesis on the company, purely due to the share price movement, or do you bottom draw it. They say that the market is a voting machine in the short term, but a weighing machine in the long term, and our thesis is validated by the businesses operations, revenues, cash flows etc. But in smaller, pre-revenue companies, should we be paying attention to significant market moves?

I guess in general, do you tend to believe positive share price action validates your thesis in these sorts of companies, and negative price action the opposite.

Keen to hear peoples thoughts.