Hello fellow SPNG'rs,
This my first post on this discussion board. I stumbled onto SPNG in the middel of May and decided it was a penny stock that had potential. I've actually been following the emotion, the characters, and the relavent information being provided and discussed on theis board. I have found it amusing, educational and more the exception than the rule, benefial for my investment. After yesterdays ride and reading the reaction, I felt compelled to post.
What I feel most people who post on this board fail to understand or comprehend is that investing in stocks is another form of gambling. There is money, entertainment, risk, reward and excitiment....everything that goes with black jack or Texas Hold'm. The difference being is that people like us can get way over their head in stocks, especially if one is in a get rich quick state of mind and that's what drives people to penny stocks. The monetary piece is disguised because you don't actually play with actual money ($ bills), just like chips in a casino. It's a numbers deal. The percieved value of what you're "playing" with is lessened...by design.
In light of yesterdays wild ride, I want to comment on a few things.... This is still a penny stock with huge volume and low PPS and market cap as compared to your traditional NYSE types of stock....less regulation, high volatility, less transparency. I invest in large caps for long term and dabble in pennies for a long haul as well where I see a uniqueness in it such as SPNG. I've certainly been burned before with "LFWK (Loftworks)" (2006) which morphed into Sulja building and the huge deals in Saudia Arabia...blah, blah, blah..they took my money hook, line and sinker. I got to despise a one Petar V, so I've been there and learned is all I'm saying. The key is that I dabbled and lost. I rely on stock investments in mid and large caps like GE (huge market cap), RIMM (tech), DNR (oil and gas) and others. These too have had their ups and downs, but I can sleep at night and not have to pull out the Cognac to quell my fears.
If you are betting the farm on SPNG, it's a huge gamble, but it's your own personal choice. But if it's everyday twist and turn has your eyeballs poping out in front of the screen for better or worse, it's no way to live your life....my opinion, you're missing out and people around and close to you are missing out as well and some even hurt.
Personally, as if I haven't been already, SPNG is a penny stock I'm dabbling in it because unlike others, it has tangible assets (I can touch them), they are advertising, and when the Pres and CFO get in front of an investment crowd to share their products, successes and potential growth, they are making themselves accountable in the public investment world; this is a huge sign they're making every attempt to be a profitable and reputible comapny. If you haven't seen the video, I highly recommend it.
One last comment to those who have attitudes toward their on-line broker such as Scottrade or TDAmeritrade....just suck it up. As an on-line trader via these on-line brokers, we are low on the totem pole. So when volumes get high and fast, those closer to the game go first. It's certainly not about you during these fast times which we saw early afternoon, so just accept it and strategize your trades to account for it. I took a licking yesterday too because I'm long, instead of panicking, I bought more at .22 .19 and .12. I slept well because I still have GE, DNR RIMM and others. I will remain long with SPNG and will ride the rollercoaster; the speed of the ride will be the same, it's just the peeks and valleys will both rise with this comapany which is where you want to be.
Thank you for reading.
Taz
