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im already green on that 50,000 that i picked up lol
imagine this thing hits $1
my 750,000 shares will hit $750,000 DANG!!! THAT WOULD BE NICE!
just figured out where all these sells are coming for spng. A promoter was compensated 750,000 shares yesterday to promote spng and he is unloading. I am picking up another 50,000 shares today for a total of 750,000 shares because once this guy is done selling (today) spng will release news tomorrow an will be green :)
with the way they money came in at first, it can go up pretty well i believe.
.067 by .072 not to big of a spread
All those little sells were a bluff.
here we go, up 10% so far :)
hahaha, im pretty busy today to. I should be getting ready for some presentations but this spng is distracting me, haha.
WOW! OPened very stock today. I think we might test the .05 levels today
I understand that all the pump is of concern, but how else should investors discover this stock? I bought it due to a pump as well, but i ended up liking the stock and just keep accumulating. Even if 10% of all people that buy due to a pump and hold this stock, this thing can go a long way.
WOW!! READ THIS!
http://www.smallcapnetwork.com/scb/spongetech-spng-close-to-being-one-hot-small-cap-stock/1836/
5/9/2008
SpongeTech (SPNG) Close to Being One Hot Small Cap Stock
Filed under: SPNG— SmallCapNetwork Editor @ 6:20 am
I don’t know if it was being featured on ‘The Price is Right’ that prompted yesterday’s big surge from our bulletin board stock pick SpongeTech Delivery Systems (SPNG), but it may have helped. Or, maybe it was CEO Michael Metter’s letter to shareholders. Frankly, it doesn’t entirely matter what the reason is, because I think SpongeTech’s sales and revenue results merit this small cap stock’s gain. It’s about time we saw this breakout.
The nearby chart tells the whole story. We saw a high-volume gain yesterday…though major accumulation isn’t entirely new here. The other thing we saw was new - a move above the 200 day moving average line, for the first time since there’s been enough data to actually calculate a 200 day moving average line.
There may be one more hurdle, though I don’t really think it will be a problem. February’s peak was 4.9 cents…a line that acted as a ceiling for several days before sending the stock back to multi-year lows. This time seems to be different, in that we have plenty of volume supporting the rally this time.
If we see SPNG hit 5 cents, it may be a good time to start accumulating even more.
By the way, my confidence level in the stock is largely driven by Michael Metter’s letter yesterday. He didn’t tell us anything we didn’t believe already, but it was a nice confirmation of our expectation.
Basically, Metter said the company was on track to ship $3.3 million worth of sponges in their fourth quarter (which ends on May 31st). Annualized, that’s $13.2 million in sales per year. Yet, the backlog is still bigger; it’s about $20 million at this point. I suspect we’ll see several quarters of significant growth.
As a reminder, they did $1.22 million in sales last quarter, and posted decisive profits. I expect to see higher sales translate into higher earnings this time around.
This is shaping up to be one solid bulletin board pick as the company enters its high-growth stage. Of course, that’s the whole point of trading small cap stocks.
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It's not to shabby.
Im holding this for atleast another month and see if they keep continuing with their advertising.
As long as they advertise, i willbe holding SPNG.
Onces they stop, i'm out. But i doubt they will because they have so much publicity now.
THe Price is Right really showed me that this poduct is real.
They wil also be in the Mets and Yankees Games.
If i have time, i will try to attend one of these games and take some pictures for everyone here.
New Update: I now hold 700,000 shares after yesterday's addidional buy of 50,000 shares
This stock i think is gonna go a long way.
I surely do hope so.
I just got home and boo i missed it. I was expecting someone to give us a report like i did last time
i added some more to average down
fcuk it, i still like this stock lol
Welcome Bully. Did u ever end up loading up? I added additional 50k today total is now 650,000
picked up 50k more shares :)
I SAY WE HAVE ANOTHER WEEK ON GREEN.
Now i can say this stock can be in .10 ranges next week.
BAAZOOKKKAAA TIME!
BID JUST KEEPS RISING!!! PEOPLE REALLY WANT THIS BAD BOY!
SPNG IS GOING PLACES :)
GIVE ME A A BIG MOVA!!!
haha, forget that its only 3 at .047 now
If we break .05, get your seatbelt on because it's gonna be a super fast ride up (i am willing to wait till next week for it to break. im not in a hurry. if today, even better if not i dont mind)
WOW! SPNG SO FAR
over 7 Million Buys
and only 3 Million sells
i dont care if yes or not. 100% great long hold especially after todays news
Product shipments for the first two months (March and April) of our fiscal fourth quarter, which ends May 31, were $2,200,000, and we are estimating shipments for the full fourth quarter to approximate $3,300,000. We are excited and very pleased with the market acceptance of our products, and also pleased with the results of our marketing program.
THATS INSANE!!!!!!!!
Pa, Pa, I'm lovin it
Thanks for that
From i see in the charts, next few days shold be green days :)
THAT WOULD BE SO SWEET!!
im not to worried.
Today's volume is dry compared to other days. Might seem like a bad thing, but i actually think this is a positive thing.
Why?
Show's sells have stopped and i can forseee another promotion coming out for this company and nice steady increase in price coming.
As of today, holding a tiny bid over 600,000 Shares!
BOOYYAAA!!!
Buy coming in :)
up 8% so far
i think we will hit $1 today
Level 2 shows very thin to $1
if not more
Sounds good to me.
Not sells at all. Only buys so far this morning
Hoping for a better day tomorrow.
Woops, im guessing these guys are in deep. hahaha
I kid. I buy more tomorrow. I'm gonna try to make it 600,000 shares total
REASON FOR FALL!!
I see that the sells seem to be mostly 5,000 shares which are a lousy few dollars.
It seems that its the company selling a few shares on purpose to get rid of all the weak hands.
My prediction from the small sells that i see is that they are bringing down the price to load up and start making the stock run starting tomorrow, latest on Thursday due to massive crazy news and major advertising on Price is Right
I am hoping it does like it did multiple times in the chart and go up after that black hammer.
*Switzerland*
I guess most of the buys are coming in Switzerland
Check out the Spongetech.com website rank
58% increase in last 3 months in site views.
Site went up from rank 1,59381,884 to 836,188
thats a 421,902 increase.
Spongetech.com traffic rank in other countries:
Switzerland 81,905
United States 416,882
Switzerland is where the big money is, and it seems to be coming from there.
Spongetech.com users come from these countries:
United States 75.5%
Switzerland 14.7%
Other countries 9.8%
SWEEET!! I listen to them at times.
CLOSED VERY VERY STRONG TODAY!
I bet there was a reason why they were making people sell out today. I have a feeling someonething crazy might come out tomorrow. Plus nice amounts of buys last min + some buys after hours
haha, i think that will all come