Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

stoxmagic,

We are getting into the oversold levels again in our consolidation period.

Can you speak toward this and what you see taking place in terms of this.. Clearly those buying are not complaining that they are getting sold shares and why not take them for lower prices... but the chart can only get so oversold before someone comes in and see this and figures out this stock is oversold and trending (in the short term) down for no reason other than simple afraid longs.

Also are you buying at these levels I don't know if you have posted but are you an active buyer at these levels or are you waiting for this to pull back a bit more before you get your toes wet...