Coppo small cap comments

Coppo has made some interesting comments in his recent report, not about KCN but the market in general.
"We have seen a large number of small caps & micro caps smashed in the last 2 to 4 months
Most of the selling that hits these smaller & more illiquid stocks is done by machines that have no idea about the company. They simply trade the trend or momentum.
The problem then is that every single small cap manager has already brought these stocks well above where they are now & has been hit on the bid so many times that they are now "full".
So they cannot buy any more of their favourite stocks despite them being so obviously oversold
So there are just no buyers at all, in any way for these small/microchips.
It's why we are seeing 100%+ moves in stocks like Megaport and Life360. The market is ignoring good news until its thrown into it's face and can longer ignore.
There will be many more of these, but we just have to get through the current of pain that just seems to be lingering on & on.
Many of these small caps are trading as though they are all going to go bust.
Last time like this in Small Caps was GFC. Those not set missed the big gains that occurred from March 2009.
There is right now zero tolerance for any small cap that has no earnings, no revenue, has limited cash or is a concept stock.
Given the uncertainty in the world still prevailing - instos will just stick with the safe, the boring, the predictable and liquid stocks right now.
As we know - this is the time when real opportunities can open up for those who can have a 2 year outlook."