I am with you 100%.
Pricing action is not reflective of what is taking place. Development is where it is at.
First, we have the steemit team focusing upon the scaling of the blockchain which is vital. Secondly, individuals are creating applications that are going to draw more people to STEEM. Finally, the things people are doing across the industry are moving everything forward.
From a media perspective, a lot of FUD. From a development standpoint, it is a raging bull.