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.
AI
