He is missing a lot and so are you. For starters, no one is saying it is a good thing, but rather it is NOT a bad thing. Look at AXON. Low float means huge moves to the upside. Can you imagine the moves for AVXL which may actually have valid science and product behind it?
It depends on the stock. A 1.30 stock runs faster because it is more likely to be manipulated. A 13.00 stock runs faster because of value and demand exceeding supply.
What? AAPL was a big time mover, until it did a forward split and is now languishing in the hands of more people, many who are gamblers and short term traders.