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Alias Born 08/16/2009

Re: Namerehwon post# 210949

Wednesday, 09/23/2009 3:20:04 PM

Wednesday, September 23, 2009 3:20:04 PM

Post# of 346917
I read you bro ... It is disheartening to think that the US financial market regulators have done such an appalling job and let white collar criminals kill promising young companies. We have to hope that things will change (and it looks like they have started to change slowly) and that ultimately naked short selling will be banned and effectively prosecuted. By the way, the Deep Capture web site offers suggestions on how each one of us can help bring the issue to the attention of those who have the power to address it (link to the Google cache because the original page seems to be missing on the Deep Capture site) : http://209.85.229.132/search?q=cache:UUoWSQpmA3oJ:www.deepcapture.com/so-you-say-you-want-a-revolution/+deepcapture+revolution&cd=1&hl=en&ct=clnk&gl=us&client=firefox-a

As far as flipping is concerned, yeah you are right it can be lucrative, but first it's actually quite a bit of work & luck to get the timing right, second you can end up missing big upswings (look at CHIP on 9/21), and third, call me old school, but I like the idea of being into something for the long term. As an *investor* I am lending my money to SpongeTech to grow their business and I hope to reap the benefits of their hard work in a couple of years. Sure if we get a nice pop I'll take some profit, but I'll keep most of my shares for several years.

But we do live in a culture which seems to provide no rewards for long term commitments (all the way from stocks to marriage big smile), and somehow it is a little sad.

Good Luck To All Long smile

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