Replies to post #176613 on Spongetech Delivery Systems Inc (fka SPNGQ)

[SRV-90]

I'll agree with that one..but we may see a gap up then downward just like today. Being that it is Friday we may see more profit taking though. Not sure how much of course and whether it will affect the stock in any way.

[z4lover]

Ha I hear ya. The buying going on is most likely going on now because they want in prior to the 10k... which kinda trumps this weak chart signal.

[Webwyrm]

I have no doubt that we will gap up in the AM. But to close green ona friday in penny land after a run up is not common. We do have the 10k on our side though.

But if there is one thing i have learned is that penny stock traders hate to sit ona profit over the weekend. Its almost compulsive. I dont mean it as a slight or as a diss. I respect the good traders alot. This is just my observations in general. But during our big run up in June i believe we were green 3 fridays in a row. ;)

[KJ]

I'm sorry guys... I just don't put any validity in the candles or charts at this stage of the game.... They don't reflect the situation... the reduced A/S, the buyback, the (positive)10K, the NSS squeeze and the Nasdaq plan.... So many things that can change the PPS in an instant....

GO SPNG

[spongeboy]

Broken Candle chart on American Bulls

American Bulls is computer generated based on technical charting of candle charts. It is a great service that takes the chart, identifies a pattern, and updates itself. The "sell if" today is based on the trading pattern - the "technicals" - no person reads or writes these comments - it is the chart generating the comments. SO..... what the chart does not know is the "fundamentals"---- and the fundamentals are so #*$%*^* strong that the chart could be confirmed as a "buy if" if a human was involved. The chart does not know about the 10k, the $55,000,000 first 11 weeks of the new fiscal, the NSS, Dicon. the uplist, . RegSHO, the short squeeze, the NFL, MLB, Nascar, tennis, new products, etc. etc. - the chart is lit up because we were screaming for 3 days . All of the rush has been in the last 15 minutes each day -- nobody wants to be without shares when the market is closed. I think we get the 10k Monday at 4:30 ...but... do your own DD JMHO , If you are new to SPNG read the ibox - watch the Noble conference (look at the date) - If you like what I have to say - read all my prior posts - do a member search for spongeboy - -

Long



Posted by: miami_vice Date: Thursday, August 27, 2009 9:29:37 PM
In reply to: z4lover who wrote msg# 176607 Post # of 176631 [Send a link via email]
People realize there is not much time at all to get in before the K. This is why I doubt this bear candle will get confirmed. It will immediatly get denied the second we gap up in the morning. How many want to bet that we gap up tomorrow morning after a 3rd consecutive day closing at HOD?