Hi to the two other people who read this site.
The Sponge is back below the two cent mark again. It hit .196 today. This is not unusual for The Sponge. Whoever manipulates this thing is just repeating the process.
But this is good for any of us who sold during the last run up.
I lost out on ten weeks of flipping this thing when the one time I held and did not sell I had to wait out the cycle between the .02 and .04 mark.
I will not make that mistake again. Back to flipping it for this cowboy. I will be buying back in again but anytime I can pick up half a cent on them I will sell.
This is a day trader dream.
I am not going to give two hoots about whether someone is manipulating it or not. I am just going to ride their coattails and pick up some of the crumbs they drop while they are gorging themselves.
There is a SEC paper on file that shows that one guy owns 41 million shares of this stock. He could make it go up and down almost at will if he felt like it. With that many shares all he would have to do is feed in enough share on numerous plays to slowly move it in whatever direction he felt like.
The finances on this company are awesome. It should not only be a two cent a share stock.
So get in on the gravy train and start flipping some. But do not stay long on it when it is back in the .04 range because it will come back to the .02's again.
Take care you other two.
Mooseman
