Nice in theory , Littlefoot , but MM's never lose because they control ALL online trading , and they are the masters of inducing FEAR or GREED .
I have seen stocks that haven't had news in months , have Caveat Emptor signs on Pink Sheets , and are presumed to be a hollow shell . The MM or group players ( front loaders ) initaiate a run out of nowhere which then attracts all of the other MOMO players like flies and presto ....the RUN out of nowhere on absolutely nothing gets a life all its own . It's what they do because they can .
With EXPH the circumstances are different because EXPH has clearly become a fundamental play , but the manipulators couldn't give two hoots as long as they ( MM's and group players ) can drive a stock up or down by contrivance .
In my studied opinion ,
Renee