I don't know if we are on the same page.

I'm all for limit sell orders above the current price in order to take profit, but i'm talking about limit sell orders below the current price in order to protect yourself from losses. MM's see those lower limits, dip down below them, and then buy your shares which causes the stock to reverse again.

stock trading at .05, you have limit order @ .03...MM's drop it to .0295, take your shares, and it goes back to .05. You wouldn't have lost any money, but now you have no shares and took a loss.

Basically in pinks, the MM's control the game by watching people's limit orders. If you want to see manipulation at it's finest take a look @ LLBO lately.