Replies to post #34781 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[Ogclip ©]

I guess i worded my question wrong, but you can't base whether a company is diluting on that indicator.. Sorry for the misunderstanding..

lol

[mjc1]

I agree with YOU, happyguy...

With the volume and the way the OBV has tanked since late July, it is rare indeed that the Acc/Dist would continue its methodical move upward in the face of it. This is NOT what we would be seeing if shares were being dumped into the float, IMO.

Also find it interesting that the MACD and RSI both bottomed out in early August, yet the stock has traded BELOW those early August levels most of the time since. Positive divergence, with MASSIVE manipulation as the culprit IMO.