Yeah I know, tis a pity really, the move is a lot of fun. Still just saying everything is unsafe and can be stuffed by a well timed or sometimes a mashed dp. Throwing the hooligan out every once in a while, especially the ex version, is simply great fun and occasionally catches them off gaurd. I have gotten good at using mp hooligan to go over fireballs and sometimes using lp hooligan to bait a dp whiff.
There are two styles: Cammys that rush down on you, and cammys that use spinning back fist.