Replies to post #284185 on Spongetech Delivery Systems Inc (fka SPNGQ)

[alien42]

Follow the money. Pike is not an idiot.

Pikes SPNG position is down something like 80%, not exactly what i would call a financial genius.

[hasher]

He obviously knows more than anybody on this board.

He's also lost more money than anyone on this board, I bet. 9 million plus on one deal and 3 million plus on another.
Pike is a low level ability player when it comes to playing this game, IMO , and his buying history of a stock that goes down, day after day, is a testement to that. Like many others.. he is probably just buying the M&M BS. Or hes covering for restricted stock problems. If he was that smart, he'd know, like most of us know, leave the stock alone, let it drop to triple 0's then buy.. unless you are afraid of the SEC and need to cover for some reson.. ASAP!

[puppydotcom]

Pike is not an idiot.

he bought spongy?

[pantherj]

Sure thing, jroc. Pike knows so much he is down 70-80%.

[Risicare]

Follow the money. Pike is not an idiot. His company does extremely careful DD before they invest. He obviously knows more than anybody on this board.

Actually yes he is as well you have no idea of what his intentions or reasoning is. Following people blindly is what causes ruin in these POS stocks.
If he knew more than me he would not be stuck with a huge position in a illiquid grey sheet stock. If he wanted/had to exit he would lose ~90% of his capital. That is not smart that is called getting your ass whopped and incompetent risk management.

[not_that_dumb]

Follow the money. Pike is not an idiot. His company does extremely careful DD before they invest. He obviously knows more than anybody on this board.

Its not anything about "knowing" for most of the posters on this board. Its about "its their agenda". You have to acknowledge the fact that there are about five or six posters that are on this board 24-7x7. Always bashing except when positive news comes out then they crawl back in their hole until something negitive comes out and most of there post are to each other. I would bet that one or two people are doing all the posting under several ID's and are probley being paid. It's their job to sway the longs and turn the buyers.
All you have to do is look back over the weeks and the names will jump out at you, if they haven't already.

GO SPNG LONG AND STRONG