Spongetech Delivery Systems, Inc. (fka SPNGQ)

[rookinvestor]

phrantic, this is the way I look at it. The company is virtually new and is **profitable** and **reporting**...pretty rare. Then look at the chart, share price retrace on declining volume in a very tough market....Not too bad.

I think most will agree with you that we, the retail buyers, are at a disadvantage, especially in light of the corruption and deceit around us.

The pros say the charts don't lie. I'm not seeing shares hitting the float....maybe the os has increased for a purpose that will make SPNG even more money and more markets....

Now that the bailout is approved, I mean 'rescue package', things should settle down. Chart looks good to me.