"It tells me that the flippers are unhappy right now with EXPH"
wrong, flippers can care less where the pps is, 10% is 10% regardless of the share price..
the ones that are really concerned (or should be) are the long time longs that bought all the way to .038, they're the ones that have lost the most.. while they won't admit it, this has to be gnawing at them..
full disclosure, I am long on EXPH and always have been.. do I sell (and re-buy) shares now n' then? you bet, it's a living for me..