Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Wakan4728]

I must be missing something. I can understand flipping a stock once in awhile but just don't underdstand how you can continuosly do it and make a profit.

Lets say I buy 10 shares of spng $1 and it goes up to $3. So I sell my 10 shares. Now I have $30 but I owe (I live in NYC ) 50% in taxes. So all I have is $15. So really all I made is $5.
Now the PPS is $2 and all I can buy is 7 1/2 shares.
The PPS goes up to $4 so I sell. Now I have $30 so I put away 50% for taxes which leaves me a $15 profit.

If I had held the original 10 shares and sold at $4 i would have $40 minus 50% for taxes = $20. I made $5 more than you did flipping it. Am I missing something? I'm new to all this so any advice is appreciated.If my math is wrong please tell me where my mistake is.

In the mean time I'm long and strong with SPNG and will pay less taxes after holding for a year.