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Buy to sell Ratio 2 to 1. Good close.
Wow what a disapointment today was. I guess this was just a trade and there is no hope here. What a miserable close. Should have sold at 9:40 AM because it was downhill all FU^KING day. What a joke, I am so pissed. Red day tomorrow.
The run is over the stock went up too fast and now it is correcting itself, nothing more nothing less. O yeah maybe the increase in the A/S has something to do with all of this. PR's are getting desperate. She is headed back down to where it belongs sub .10. The PR is all fluff, this stock will test the LOD again before close. I honestly can not understand why people are buying this thing right now. Never try to catch a falling knife. I am happy to be watching this from the sidelines. I had to dump my shares last week. Looking to get back in but anything over .05 is way too risky. Stocks rally up and retrace completly all the time. I do not understand why people think this is the exception to the rules.
Great stock bad time to be a shareholder.
People have a short memory next Pr 8k A/S increase.
WOW look at the buy to sell ratio. It is safe to say that we are in some serious trouble. where is the bottom here? I think it will bounce off .04 when the smoke clears. Looking to get back in. I never thought I would say this but I am glad this stock is giving back so much.
Fastmandoo
I must say I read this board everyday and you are a trip. You are the most widely optimistic person on this site. Don't get me wrong it is great to positive. However there is something called reality. Your track record stinks as far as your projections and predictions. You are correct maybe 5% of the time you post. All of your claims are wishes and hopes that you have, not so much factual information. To the average viewer and outsider, I would say you are a pumper. Everyday it is the same thing, "green coming" "Huge PR" the list goes on and on. Maybe tone it down a bit. I think someone forgot to tell you the stock has been bleeding for 2 weeks.
I agree. I think they will continue to increase the A/S. SPNG will fall through the .12 as soon as the 8k is released. Looking for a big correction this week. Looking to get back in at .08 maybe less. Personally I am affraid of this stock, I have no faith in her after watching it go from .2851 to .07 in 30 minutes. This stock is controled by large shareholders, management (dilution), naked shorts, shorts, day trader and MM's. The retail investor doesnt stand a chance. Even buying the dips is not a good method anymore. I am happy to watching this from the sidelines now. Best move I have ever made for my mental health. I was in at .0234 so I had no problem selling at .14
Good luck to all. Great company with huge potential but now is not the time to be in this stock. I would wait.
I am going to sell into any rally we get tomorrow russel 3000 after hours and XOMA is getting the axe. Does anyone feel like this is the reason why the stock fell so hard? Is this news about the index already baked into the price? Is that why so many people shorted the stock at 1.20?
So this is a scam? After all this crap they are just a good ol fashion Pump and Dump?
Nope! SPNG will not be 4.00 by july, that is actually the most wildly optimistic price target I have ever saw to date. How are things in Wonka's chocolate factory. Tell Mother Goose I said hello, and that Dr. Suess still owes me $.
You will not be so dissapointed if you make your expectations realistic. Sorry buddy but you are in for a rude awakening if you honestly feel $4.00 by July.
I will continue to watch this but I sold out today at .14. Things look really bad from a techincal side. Several short positions now and they will not let this go up anytime soon. I am looking to get back in around .08 (if that holds)
No buyers fueling the demand, all the NASDAQ and SpoongeBob news is baked into the price, and these violent dips are destroying investor confidence.
If you just saw SPNG for the first time today would you buy? I would'nt. Never try to catch a falling knife. No real support until .07 and after that .04.
GLTA
So you think I missed the boat move on to the next. You are probably right. I am still not 100% sure what had happened. I saw this on google finance and started some DD.
Buy or Hold? Will she bounce back?
I would not be a buyer at this level. I got out at .14 right before the crash. Open order to get back in at .079
More buys than sells and we are tradding down. Dirty bastards.
Scottrade charged me 27.50 to sell 20,000 shares yesterday. They are pretty much a joke. They do not let you sell penny stocks at the market, you have to set limits and they always get skipped. Avoid Scottrade they are not penny friendly.
A doji at the end of a downtrend is a technical buy.
We had a nice Doji Star or cross yesterday at the close. That could have been the end of the sell off. If technical indicators are worth a damn we should see green today. What does everyone else think about the Doji?
DOJI chart here, what are everyones thoughts on this indicator? Could this have been the last day of the sell off?
This stock is so crazy I love it.
And the wait continues. At this point I am in it till the end. I sold enough at 4.50 that my shares are almost free but this is still a long ride. I guess it is not in our hands and going crazy over this damn FDA will not do us any good. Good luck, Long and Strong. (I Guess)
I know it is the real deal. I believe in the company and I am not complainig. I am concerned. I find it strange that when this stock was going up SPNG management was holding the hands of the investors and people got used to that. The fact that they have been so silient raises the concern. SPNG is a stock that moves on buzz, PR, and momentum. I am not the type of guy that expects a PR everyday but SPNG did it for so long that when it stops one must be concerned. I own several stocks that don't even PR once a month but it is not expectd from them. With SPNG people have grown used to the hype and the PR waves, the fact that this has all stoped really concerns me. Come on I know I am not the only one who is a little concerned we have not herd anything from the company in two weeks. The massive waves of PR are what drove this stock and the volume sky high. Without the volume this stock is going to bleed down to .04 again.
Is anyone else concerned that we have not had any PR in almost two weeks. Prior to the crash of 6/12/09, you could count on a SPNG PR every 48 hours. It worries me that management has been so silent at a time when we need them most. This really makes me feel that they pumped and dumped this bad boy. Pump it up to .28 sell all the shares you have, then let it bleed and start buying back shares, then let the PR flow again. I dont know this sounds like a pump and dump. Am i wrong, is this not how a pump and dump works? I AM NOT SAYING SPNG IS A SCAM. Obviously it is a real company with real products that can be found all across America. However what they did with the stock is a Pump and Dump. Where is management? Why go from one extreme to the next? They made more money selling stock then they ever did selling sponges.
If the meeting is canceled look out below this stock will crash. I am so sick of this nightmare. I have never been dicked around like this before with a stock. This has been going on for weeks now and I am sick of this. I feel like my life has been on hold. Everyday we bleed more and more. There had better be a shareholders meeting today. Thats all I am going to say. I want some answers. What the hell has been going on?
Yesterday at .165 and today at .145 there was a sudden spike in buying. Huge orders 250,000 and up several times. I am not 100% sure of how it all breaks down, but could the orders been people shorting the stock? Would they register as buys. Huge orders coming at the ask only for it to slowly bleed down. Any thoughts? Were they orders for short buys?
What the hell happened here today? This stock continues to dissapoint time and time again. I am starting to think this is a shell company. Any thoughts, as to what is happening here. Is there just no street awareness about this stock. I must be missing something because nothing but positive news has flooded this company for months and the stock continues to sell off. The volume is weak at beast and there never seems to be any buying pressure. Is this headed back down to a sub penny. I think last time it bounced off .03. I don't know, this is my biggest loser today. Down a cool G on this dog just today alone.
O God Where was everyone one week ago from right around now. I will never forget the crash of 6/12/09. Lets hope that is just going to be a bad memory. Come on SPNG.
I can not believe I sold 5000 shares of my SPNG chunk to invest in this POS. Talk about getting sucked into a pump and dump. Back to sub penny by the end of the day. No buying presure at all. This thing is headed to the dumpster. If my funds were settled I would be selling at a loss today but I am stuck. Low volume, look out below. I see a really bad finish today.
This stock has traded exactly the same since tuesday.If you look at tues, wed., and today's intraday you will see carbon copies. This stock will slowly bleed down to around .13 or so and finish slightly red. I say .1345. We really need a pr here and it could save the day. We will be slightly green until around 2:30 and then we will tick red. We will be slightly higher than the lows .129 and then it will slowly start to recover around 3:30. However it will close down between 1 and .50 %. This is a joke. The people that are manipulating this stock dont even care anymore. I honestly feel like it is a computer program because the timing is crazy.
damn that was fast they already pulled the bid, on our way back to .002
I actually sold some of my .02's from SPNG to get more of this today. You have to admit she bounced back nice after the war yesterday.
Just bought back in at .015 I like the recovery off the beating yesterday. Lets go here baby.
this is the third day in a row you have said this. Lets see if you can get it right today. I helps to make predictios based on facts and technical indicators not blind hope and desperation. With no news today the downward trend will continue.
No actually I bought months ago at .0234. So nope wrong again. O yeah and a few days after that again at .02. So nope wrong again. I have only made money on this stock. And no I did not sell on Friday, I did almost grabbed the bushmaster AR 15 and shoot myself but I didnt sell a single share until yesterday.
I love how people assume I am a paid basher. That really makes me laugh hard. I wish I was being payed. The chart is not strong at all. I am not sure where you learned about chart reading but keep learning. Nothing happens overnight. Or maybe you are looking at the chart upside down. As soon as the denial phase wears off you will see you have been taken advantage of. Just study Steven at the meeting. That is not a happy man. He looks like he just got flipped by the FBI and is on his way to a meeting with Carlo Gambino wearing a wire. He looks like he has a load in his pants. That is a scared guilty man, not a proud informed business man presenting his product to investors. I am a shareholder not a basher, I am just starting to wake up and smell the roses. I am riding free shares at this point, but things do not look good.
I think the sell off will last the entire week. We will close under .10 today. .14 was a key point to hold and we could not. Today will be ugly to say the very least. This is no longer a healthy consolidation. It has retraced over 50% and that shows that the stock is weak. It is with out question in a down trend and stocks dont all of the sudden buck trends unless some great news is realeased. At this point the only thing that will stop the sell off is great news from the comapny. No fluff PR, I mean real news (Nasdaq, T/A, Walmart) This stock just proves how nasty Wall street can be. Last week trading systems were struggling to keep up with the orders, and now, well we all know what is happening. This was a trade and nothing more. It was the flavor of the week and nothing more. Wall street has had her way with this stock and now she has moved on.
Think about it the commercials the investors meeting fluff, and the Nasdaq issue. Any person with a half a brain knows we have to reach 4.00 to even qualify. They pumped the hell out of this stock last week and dumped it all. THEY PROBABLY MADE MORE MONEY SELLING STOCK LAST WEEK THAN THEY DID SELLING SPONGES ALL YEAR. I was a supporter of the stock but I have opened my eyes. Watch the video of the investor meeting, Steven is very tense and uncomfortable. He almost looks scared. You can tell it is bothering him that he is lying. Just look into his eyes and you can tell he was up to something.
I was in at .02 so I only got screwed out of profits. Several retail investors fell for this sh&t and got stuck in entry points above .20 that this stock may never see again. Once again the big boys make all the money while the retail investor gets bent over chasing the dream. Classic pump and dump.
SpongeTech the most carefully orchestrated and executed Pump and Dump operation of all time. Talk about mind control and manipulation. Commercials on CNBC that say a public traded company. That was 50% a commercial to sell sponges and 50% to sell stock. It worked for awhile but after looking at the two week chart it will be hard for new money to jump on board at these levels.
Today did it for me I love the company but I can not watch my profits bleed like this. I was in at .0234 and I was out at the close. .14 was a key level for me and we let it go. I will try to buy when it settles because the potential here is great. However this will never trade organically until this crap is taken care of. It is so obvious this stock is being played like a piano. I was really hoping for management to save the day with some real PR to save this from retracing to .04 or .05. Update on NASDAQ meeting, Walmart developements, Spongebob, ungagged T/A, anything. Based on the under .014 close, I had to leave. She broke the 50% healthy retrace levels and now any down drifting will scare several off. I am not rich at all I am actually just trying to stay afloat and it kills me to think my shares were worth double last week. F*(k it, I made money on the trade but traded it like I was Forrest Gump. GLTA longs I just am not in the financial situation to lose anymore of the profits. I held on to some free shares but, not many.
I agree this is fantastic news hopefully it will spark some change in the momentum. I feel that if this can not give us a green day, what will? I am still recovering from the shock I have had due to the lack of interest in the Apple iphone application. I really thought this stock was going to take of in the month of June, so far that has been only a dream. Heres to a green day. GLTA
Prediction for the day:
SIRI .3525
Anthony
Why anyone would post data from nine years ago really just blows my mind. Apple was 14.00 dollars when this info came out. How is this even relavent.
On a more rational note, does anyone think that HEB will hold off all news even if they recieve it before for the shareholders meeting? I know Dr. Carter has his mind on raising money, I just would like a few days post approval to sell before the massive dilution hits.
Please lets not start with the L 2 watching. We all saw what happened yesterday. L 2 at this hour don't mean jack sh&t. talk to me at 9:25 and that doesnt mean anything. Yesterday SPNG went from green 10% to red 30% in thirty minutes. This is a moment to moment operation. MM's do this pre market level 2 head fake all the time.
I would love to have a drink but I am a recovering boozer and I have not touched the sauce in 5 months. I would kill for a crown neat right now but my health will not allow it. I am not panicing either. I know the stock needed to slow down but I feel like the .13's are going to fall soon and then well its every man for himself. I just hate watching large profts get cleaned out. I did it with CTIC and HEB and now SPNG I am just pissed at myself.