Spongetech Delivery Systems, Inc. (fka SPNGQ)

[corkyalan]

Wadirum1,
Thanks for your candid response. Note taken.
Question:
Whether you have a stop or if you attempt manually to sell after the top has rolled over, you stand the same risks. Is it not better overall to notice that the price has well exceeded the top of the BB and begin to dispatch batches of shares so you will be lighter when it rolls? In this case of SPNG, it was feeling toppy at the close at .14. The next trading day was was a hanging man which would indicate a change in trend. That signal was ignored by the market and the price became extremely toppy. I could not see it going higher than that, but I let myself get into the Wheeeee of the moment and let myself get surprised by the calamity. No one to blame but myself. Just need a proper defense mechanism.

Your further comments are welcome.

Thanks,

Andy