Replies to post #120600 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[z4lover]

thanks for the reply.

The way I saw the manipulation that friday was first an upward manipulation... (I feel we should have had a consolidation period around .22) and then a quick burst selling downward manipulation to force out any stop losses...

Now that being said...

I think we should not look for a PR. Yes the company has said they want to take us to Nasdaq but this is not something that happens over night... I feel it is unrealistic to expect a PR say in a week or two to cause correction based on this...

We have a major player someone who has been trying to build a very large position in SPNG who has been driving the buying ever since April...

It is my firm belief that they are very patient they let the stock become oversold while they accumulate shares... before they make another push upwards

Note there haven't been very many IPO's or up-listings lately to the higher markets... these types of things can be wildly profitable...

I figure there are enough strong longs with deep pockets who understand this, however if they continue to look for a PR... they will get more frustrated and be more likely to sell based on nothing.