Guys,
Things are looking good for SPNG. I'm with most of you - long & strong, waiting for the 10K. However, I want to take a moment and address those who are using words like, "risk-free" "certain" "for sure" and "without a doubt", as well as those who are shouting about $30-$40 pps' during a short squeeze.
First, last year's economic meltdown showed us that we would all do well to keep adjectives like "certain" and "risk-free" out of our descriptions of stocks. Nothing in this world is risk free. Nothing is guaranteed. As I said, I'm a die-hard SPNG long, but it's "risk free" mentalities that lead to panic selling on a worse-than average day, and it is these mentalities that predatory manipulators look for - i.e. inordinate optimism which when crushed leads to inordinate pessimism. We'll all save a lot of money if we remain objective, and realistic.
Second, for those jumping up and down for $30-$40/share squeeze price: let's remember that the oft cited VW squeeze moved from about $80 (the 25 & 50 day EMA) to just over $1000. That's a 1250% gain. Assuming our squeeze is as spectacular as VLKAY's, at our current pps (.145) that puts us at $1.81. If a VW-magnitude squeeze happened at say .30, that still only puts us at $3.75. At a $20 squeeze from .14, the pps would be up almost 15,000%. Does anyone really believe that will happen? My point is not to debate the exact extent of a squeeze, (I am after all a very beginner investor) but to try to keep us in perspective and grounded in reality.
I don't say any of this to stifle fun, I do it because if we all keep upping the squeeze pps to $10, $15, $30, $50, $80, etc, etc, that is what will lead to panic selling and a lot of irrational behavior, when the company is still fundamentally strong.
Thought I'd throw that out there. Keep everything in perspective, and good luck/have fun in Spongeland.
Long & Strong.
FM4E
"The true measure of a man is how he treats someone who can do him absolutely no good."
- Samuel Johnson
AI
