Replies to post #44621 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[trader guy]

Never seen good news so consistently cause a stocks price to go down like this one does. Doesn't take a genius to figure out why.

[Stratford]

Snake, You know what the final outcome is going to be. Manipulation can only go on for so long. There is no way possible that a company of the caliber can have a price of 1.32 cents. This stock should be at 50 to 75 cents just on the future contracts. I will grant the bashers their accusations of fraud would warrant a price of 1.32 cents.

If the company is corrupt that the current price would reflect that fact. That is not the case. The corruption is on the NSS shoulders. Those shoulders will have to be very broad to support the billion dollar bill that is coming due.

[Soapy Bubbles]

OK, we'll try it. (Not sure if it will do anything...)

[Austinluv]

Maybe that's 'cuz the most clever CFO's who are hired for one thing (sell stock) sell into the good news, which is mostly tweaked. Happens all the time. They've been doing it for so long, they get more and more sophisticated at taking naive shareholders.

Still hope I'm wrong.

[Californicator]

Snake...Thats why you no longer follow hype. Use this as a learning experience, and only buy when you truly feel the stock price is well adjusted to volume/news. Sounds crazy. Never feed into situations like this. Only accumulate when it appears it's at it's end. You will do fine 95% of the time. Best of luck.