"Exactly how it happened last time... 16 minutes ago This is exactly how it happened last time, right in the first week of April too. Notice the big volume and the price increase? I expect if we continue tomorrow, we going to be looking to explode pretty soon. I also expect this time to be much faster than last time. All this consolidation is very strong. Not to mention the shorts are already loaded to the gills with toxic short positions. Its only a matter of time before one of the hedge funds breaks ranks and starts trying to cover from the other....and i actually heard some chatter about just that very same thing today after the close. The shorts down south, in-between here and SA, purchasing shares via another fund. The one fund is toast, but the managers need some seed capital to start a new one.
The PR SPNG is going to get on the short covering is going to be huge. There isn't going to be a person on wallstreet who doesn't know what spongetech is. Its well deserved."
courtesy a post from yahoo
