although your first statement is generally correct
Post# of 43064
although your first statement is generally correct, and not a bad assumption, it does not apply in this case. Anybody who has been averaging down from the $3 - $5 range is seriously underwater, and at this stage of the game every cent downward is a huge hit. I know it is gratifying to buy more if you believe that it is going to recover, but that is wishful thinking. It is down because of it's failure to perform and precarious financial condition.
To say someone has called it "accurately" over this time period cannot be true. If that person was calling it accurately, they would simply have waited until it got to .12, where it is today, and then loaded up.
To say that a price fall from $7.00 to .15 is all due to MMs cannot be true either. Maybe one .50 drop could be believable. Even if it were true, they have to cover sometime. You can't believe that they are waiting until it gets to .01 before they cover. In the long run, they cannot hold a stock price below what the market dictates it should be.