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Fangster

12/23/11 9:52 AM

#51380 RE: scubastevemd #51379

Scuba: I think most longs will agree that SP's handling of things is a big part of the problem here.

What IHUB posts become incessant rants over a bad buy or lack of a sell decision, that poster is labeled a WHINER. KNOW WHAT I MEAN SCUBA BEAN?

In almost all cases, ligit opposing sney views are not responded to as you say. The smarter folks welcome it.
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mikeymgd

12/23/11 9:54 AM

#51382 RE: scubastevemd #51379

To be honest Steve I do not feel anyone is involved but rather we all got caught up in the mess.

Some give a good front that they are ok with what is occurring but I can assure you no one honestly is. The company made a mess of things and can care less about long term shareholders. Their focus is on the quick trade. Their actions are protecting the traders and hurting the longs. I guess this is a good example of why good investors always say never go long on a penny stock. Penny stocks are only for trading.

Now on the other side of that I held the sponge penny stock for 2 years and finally walked away with over 100k in profits. I was up and down but even though the company turned out to be a scam most that understood it in the end made out. It was those believers that lost everything.

SNEY will have a good run in the end of January I feel. I highly doubt we will see any filing within the next 3 weeks. After the warrants expire in mid January look for a round of releases in a hurry.

I have begun buying small lots at the low 4s when possible for the quick trade next month. I hope to eventually accumulate another 1m or more at the low 4's or if I am really lucky the upper 3's. It could turn out very profitable in about 3-6 weeks. I plan to unload into the rally rather than hope management finally figures out how to run a company.

So Steve I would say hold tight since I feel we will see the price shoot around 1 cents in the next 3-6 weeks. Unfortunately it will not likely hold since SNEY has a chart that clearly shows people to sell on any run.