SPNGQ - Spongetech Delivery Systems, Inc. - Page 478

I mentioned .08 as resistance in the past, but if you look back to 2007, it was just that.

Could you at least address why the float would have been decreased by 100 millions shares?

Unconvinced still? Already missed %50.
As i mentioned the other day, .08 was long term resistance, therefore the purchase of more shares at this level was not as risky as some may have made it seem.

Maybe I missed something, don't you mean support as opposed to resistance?

Wow. Props to you, Polsih. How long before you realized 'hey, I may not need a job after all'...

That is miserable. Good luck to you.

SCHOOL SCHOOL SCHOOL SCHOOL. Airforce. In that order.

Good for you, I have to empathise with people getting laid off. With a long work history and education it's not nice to have to give it up and face potential poverty. I have one question for polish how did polish day trade with only $1,500 in his margin.

MC I generally order stock from Ingram or TechData. From now on, it's TechData...

I don't think so, although I used to be one (briefly) and did pass the CPA exam.

Changing auditors is a material event. I find the info in their previous 10Qs and 10Ks to be very questionable (such as 18% of sales coming from Russia etc etc.) Just wondering what their reasoning is for hiding the identity of their new auditor. Shouldn't everyone here wonder that? EVERYTHING that people are posting and believe in comes directly from the company.

Weeble, have you seen Conspiracy Theory? Do you eat pudding out of lockable containers?

Up to 12.3

Lots of activity today should be decent..

i am liking the early action and follow up to the past 3 days so far...may have to get in...

Ingram Micro always charged more, you've been robbed.
But seriously...we had value add services like tech support with American skilled labor that made the cost difference worthwhile for our customers. We had by far the king kong of tech support in that industry. Now it's all Phillipinos that try but have a nasty language barrier and very limited tech knowledge. That and college interns in the Buffalo office who also have very limited knowledge. All the great techs are long gone and moved on, I wish I followed and left on my terms.

You wanna talk about greed? Ingram's net profit for the year was like 140 million. Those cheap pricks couldn't even foot a few grand to throw tech support a picnic. They wanted us to pay $5 or $10 for a family. I told our department managers how insane I thought that was...they didn't get it.

Anyhow. Tech data isn't better....they actually were the first in the industry to take away the 401k retirement plan from their people. It's a greed thing across the board in corporate America. A major recession or even a depression was needed to correct wage issues and level the playing field for workers and small businesses. After the smoke clears many new businesses and ideas get their start because the risk is much lower than while in a bubble or faked recovery created by bloating the money supply/lending pool.


/RANT

I actually only order from Ingram's liquidation bid through Sam Damm. We would only pay like .20-.30 on the dollar for open box customer returns and then resell them... Same deal for TechData (bad box), CDW, Zones, etc.

Nice clean TA, the way it's meant to be. And the way it works for traders.

I'll also mention the macd histogram divergence on the 2nd lower low, other than that you see market structure the same way I do.

Edit-----
Was intending to quote Ace's chart. Though polsih using resistance turned support is clean basic TA as well. Props to you guys.

HRMMMM. Not a bad lil gig ya got going there.
I'll forgive you for aiding the company that raped me with no lube.

By no lube, I mean they used my workers comp issue as a way to let me go before their layoffs (which they had already announced internally). So they "terminated" me with NO severance. If laid off I would have gotten 12 weeks severance pay, why not ditch me and save a few bucks like they did with the picnic ya know?

Come on man, get off that fence! You know you wanna!

j/k!

Do it or lose..

Nice stock. Bought in around at .04 and sold around .11. Only a few more penny stocks to get rid of.