For those longs who are thinking of taking your profit this week, consider the following before doing so:
(1) News from Walmart & Sams Club, Target, Autozone, and many others yet to be announced.
(2) The big boys (i.e. hedge funds and billionaire investors) are now buying in to the stock.
(3) Products are a huge hit with mainstream america.
(4) Companies like a P&G, Colgate-Palmolive or a J&J will likely try buying SpongeTech once it gets uplisted.
(5) New products like the Viacom branding, medical and beauty will only add to their monthly numbers, thus lifting the stock even higher.
I know all of our brokerage accounts have grown with this
stock and I know it is tempting to take profit, but you may
miss the big stock price moves ahead for this company by selling.
If you see a pullback this week due to weak hands, buy more and hold on for the ride ahead. It should be a very good one !!