Considering that it is the funds who really move the price up or...

Considering that it is the funds who really move the price up or down then for us retail investors we have to take what is on offer. At each stage the funds will determine if the SP has run too hard (up or down) and will stop - so the SP fibrillates until there is some event such as a positive forward looking statement to send it on its way again. A current example is Nearmap - it has run far too hard to the point where it is unstable at the moment. If the funds deem it is not profitable to take part then it will settle lower and lower until it reaches a point where it is deemed a buy. Same for any stock including A2M. By the way - the major reason for the surge in NEA is that it moves into the ASX200 after Anzac day due to MYOB being removed as KKK takes it private. But even this surging price reaches a point where the price is not acceptable - so I guess the shorters borrow shares to drive the price down and then buy in. A2M is at a similar stage in its development.