Welcome to pennytardland. Where everything must be misconstrued to the psychological benefit of a bad decision. A place where egos are left intact and unbruised no matter how much money has been thrown down a bottomless pit.
Otherwise people would have to admit to themselves that they didn't know squat about the market, SPNG, or anything else for that matter, and were all sitting ducks the moment their "analysis" of this scam concluded it was a good buy.