Replies to post #158081 on Spongetech Delivery Systems Inc (fka SPNGQ)

[GnomeOfZurich]

"hmmmm reminds of a certain black friday... 28 cents to 8 cents..."

I beleive in SPNG case that it was a liquidation with some people shorting the stock while it was going down. The liquidation also known as a "dump".

The dump was so fast that it went through all the highest bid's.

It kind of goes like this.

Picture graph doesn't work.
___-----____
-- ______
_ Highest Bid
_ Highest Bid
_ etc.....
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_
_
_
_
_ ---
_ ----
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