The M03 has a high CG and narrow track so will always be sensitive. Although try fitting some stiff springs, a long time ago I had a mini and ran Tamiya TRF-type shocks with the white (extra hard) springs on the front, this made it a lot more stable.
Another one to try is the "short" spring set that Tamiya do for the oil shocks although they are not as stiff as the normal TRF springs they let you drop the ride height down so lower the CG quite a bit.
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