Profit-taking can always be expected. And particularly at basement level under circumstances such as the significant upside that SPNG has seen of late.
The OTC hosts its own set of unique dynamics seen nowhere else. And it's understandable that certain involved parties are most always of the weak-handed variety. Those who react quickly to certain L2 changes. Certain MM's more than willing to play along. Maximizing profits. Other third party entities more than willing to attempt the short side. Certain MM's more than willing to play along. Maximizing profits.
SPNG has transitioned. No longer is market level in the hands of the day traders. Whole new ballgame in welcome evidence. And, certainly, the inevitable profit-taking. Inescapable. And entirely dismissible relative to the SPNG big picture.
Today's PR setting the stage for the significant pps advancement to come throughout the balance of our trading week. As talked about.
And…
'SPNG ... is pleased to announced that the Company will be presenting at Noble Financial's Fifth Annual Investor Conference, a two day conference from June 8-9, 2009, at the Hard Rock Hotel in Hollywood, Florida. SpongeTech(R)'s CEO, Michael Metter, and COO, Steven Moskowitz are scheduled to present SpongeTech(R), America's Cleaning Company(TM), at 9:15 am EST, Monday June 8, 2009 and will host a question and answer session after the presentation.
Noble Financial is a privately-held, full-service capital markets firm focused on converting market inefficiencies into profit opportunities. Noble Financial supports emerging growth companies through strategic advice, investment banking, market-making, sales & trading, comprehensive equity research, and the development of institutional support. 140 public companies are expected to participate in this year's event.
SpongeTech(R)'s COO Steven Moskowitz said, "As we begin our 2010 fiscal year, this conference give us the opportunity to present our Company to many portfolio managers, analysts and potential investors and to share our growth strategy and recent achievements."'
[ the opportunity to present our Company to many portfolio managers, analysts and potential investors ]
And we spoke of the likelihood of a near-term industrial strength PR or two and such are on the way.
Today's session to Close strong in anticipation. Tomorrow's session to see the very significant upside as management fully leverages a golden opportunity.
Exciting week ahead.
Numbers and all.
SPNG = Buy & Hold!
Couldn't be simpler.
The same way an early investment in Microsoft saw the more patient holders reap multiple million$.
Onward and upward.
AI
