Who decided it was overvalued? You? Or someone else in this thread?

What any commodity is worth is what someone is willing to pay for it. At current usd/btc peta is worth about 2$/ghs. The only way you can beat that is by purchasing your own hardware, you can get an s3 for about 1$/ghs, but the caveat is that your responsible for everything, you cover electricity, if it stops working you have to troubleshoot and get it back up and running.

Take a close look at many commodity markets and you will see things getting bid up way past what a real evaluation of worth would put it at.

I agree thats its likely that peta will see a spike, how much I am not sure, but the news and attention it will generate if/when they finally point 100% at p2pool will most likely cause a mass movement into peta @ havelock. I would like to see them launch their own site for the trading of ghs this way they are not at the mercy of havelock when it goes down.