or Connect
HotStockMarket › Forums › HSM Stock Forum › Penny Stocks › SPNGQ - Spongetech Delivery Systems, Inc.
New Posts  All Forums:Forum Nav:

SPNGQ - Spongetech Delivery Systems, Inc. - Page 480

post #9581 of 20227
This thing can't sustain a rally to save it's life....
post #9582 of 20227
Quote:
Originally Posted by 4MC View Post
This thing can't sustain a rally to save it's life....
It's hold well @ 0.11 on a down day will see what happens tomorrow
post #9583 of 20227
Meh, I'm turning a little bearish on SPNG. Too much day trading and a lot of bagholders to .28. Still holding though, haven't done anything yet.
post #9584 of 20227
Quote:
Originally Posted by 4MC View Post
Meh, I'm turning a little bearish on SPNG. Too much day trading and a lot of bagholders to .28. Still holding though, haven't done anything yet.
My patience is running low also I'm still up 27% so might give it one more day
post #9585 of 20227
This is some bs.. I hate when it's like this 0.1111
post #9586 of 20227
Quote:
Originally Posted by 4MC View Post
Meh, I'm turning a little bearish on SPNG. Too much day trading and a lot of bagholders to .28. Still holding though, haven't done anything yet.
That's exactly what it is
post #9587 of 20227
Any sign of janie today?
post #9588 of 20227
She was selling and Now buying .11
post #9589 of 20227
Quote:
Originally Posted by wuyanks View Post
Any sign of janie today?
Who cares!!!!! that will bring all the bashers out again....
post #9590 of 20227
Quote:
Originally Posted by HOUNDOG View Post
Who cares!!!!! that will bring all the bashers out again....
just a boring day overall...
post #9591 of 20227
Quote:
Originally Posted by wuyanks View Post
just a boring day overall...
Sure is boring evarything I have is moving @ snail speed....just like watching paint dry
post #9592 of 20227

Greenbackers.com newsletter comments on SPNG

Sent: Monday, July 20, 2009 10:19 AM


Notables:








We mentioned NTWK as best extending, but other gb holding HEB was/is in tandem....
2.42 0.31 14.69% 5,855,720 Last Trade as of 11:20 AM ET 7/20/09


NTWK adding 6 cents the last hr...
1.10 0.15 15.79% 288,167 Last Trade as of 12:12 PM ET 7/20/09





20+

BIDU recall among best charts in 2009 mention yesterday....also earnings due out this week....
Last Trade: 331.811
Trade Time: 11:45am ET
Change: 10.211 (3.18%




5-10


BEAT rebound resumption in tack.....adding a dime from prior....
Last Trade: 6.56
Trade Time: 11:56am ET
Change: 0.31



OREX perhaps providing best volatility....jumping between 6.40 and 7......
Last Trade: 6.81
Trade Time: 11:55am ET
Change: 1.12 (




FEED ran to 6 last week....building off of 2 day pullback support at 5.70.....debate for continued ongoing strength....
5.79 0.11 1.94% 617,922 Last Trade as of 12:15 PM ET 7/20/09



2-3




CHINA gap filling supporting 2.30 into the morning....still view as an anticipation with IPO plans..upping target to 2.50..... UPDATE - CDC Games sees 50 pct sequential rise in Q2 revenueat Reuters(Mon 11:09am)
2.34 0.1799 8.33% 2,057,674 Last Trade as of 11:25 AM ET 7/20/09

Of 2009 From The 1Q Of 2009 >CHINA
Monday 07/20/2009 8:30 AM ET - T
CDC Corp Raised To Outperform From Underperform By Wedbush Morgan >CHINA
Friday 07/17/2009 8:37 AM ET - T
CDC Software Files for USD62mn IPO
Friday 07/17/2009 7:34 AM ET - SinoCast

Company Market Cap YTD Price Performance
CHINA
CDC Corp
229.2M +87.8%




LIOX remains a dollar outperformer....has been upping from 1.20 the last month...
LIOX 11:36AM ET 2.36 0.17 7.76% 129,812

Lionbridge is Added to the Russell 3000(R) IndexPR Newswire(Mon, Jun 29)
Lionbridge Secures Agreement With Dell as Strategic Provider for Global Online Content; Expects New Client Program to Generate Approximately $8 Million AnnuallyPR Newswire(Thu, Jun 25)





1-2


CYTR giving up over 1/2 of pre mkt pickup on the news....ongoing support around 1.10 the last week.....
CYTR 11:19AM ET 1.17 0.07 6.36% 1,303,195 833,352 1.21 1.16 - 1.24



We mentioned ETFC as a catchup play......sluggish inching bias....
1.27 0.04 3.25% 11,144,481 Last Trade as of 12:13 PM ET 7/20/09




Under 1


BCON exemplifies some dollar alt energy plays acting up...BCON ran to 1.05 back in June......
BCON 11:14am ET 0.73 0.07 10.62% 1,575,952 2,399,930 0.73 0.70 - 0.77

Beacon Power Expects To Have Up To 5 MW Of Flywheel Energy Storage Capacity Installed By Yr-End >BCON
Monday 07/20/2009 9:18 AM ET - T
Beacon Power: Expanded Capacity Generating Rev From New England Grid Operator >BCON
Monday 07/20/2009 9:18 AM ET - T
Beacon Power Connects Second Megawatt Of Regulation Service
Monday 07/20/2009 9:18 AM ET - T






CPST not one of them, but do recall pickup last week....reminding on a strong backlog still....Although revs missed last earnings, still were up 28%....
CPST 11:14am ET 0.81 0.0006 0.07% 1,075,404 4,237,380 0.805 0.75 - 0.84



MNI a russell addition in june....??
MNI 11:45am ET 0.52 0.0780 17.73% 625,188

Earnings preview: Loss anticipated in McClatchy 2QAP(Mon 7:28am)
scheduled to report its second-quarter results before the stock market opens Tuesday





Pennies:



SPNG solid comeback continues......mid morning support setting in around .1125......In spite of gains from .08 recently, still think it has legs to .12, given the continued solidness of the rebounding pattern... 0.1138 0.0113 11.02% 46,763,649 Last Trade as of 11:12 AM ET 7/20/09

SpongeTech(R) Delivery Systems, Inc. CEO and COO Purchase Company's Stock
Monday 07/20/2009 9:30 AM ET - BusinessWire its Chief Executive Officer, Chief Operating Officer and Board Members have been purchasing SpongeTech(R)'s common shares in the open market. Together the team has purchased approximately 18.2 million shares



Last week OCSI debacle from .19 on bankruptcy news...Today's pickup didnot start until 10:30am est....
OSCI 11:31AM ET 0.06 0.0195 50.65% 14,672,202 10,778,500 0.04 0.0350 - 0.0650






Recall VRAL pump and dump article...keeps jumping back above .08....
0.083 0.0050 6.41% 1,834,744 Last Trade as of 11:22 AM ET 7/20/09





One penny that dumbfounds us is EDIG.....back in June they came out with what we thought was a very strong earnings rpt....has not been able to gain traction since however.....Deserves better....
EDIG.OB 11:02am ET 0.10 0.01 12.17% 27,200 189,047 0.115 0.10 - 0.12

e.Digital Announces Record Revenues and Profitable Results for Fiscal Year 2009Marketwire(Tue, Jun 16)
52wk Range: 0.08 - 0.20
Volume: 27,200
Avg Vol (3m): 143,050
Market Cap: 28.57M
P/E (ttm): 10.10
EPS (ttm): 0.01





gb portfolio:

General strength across....nice.....

HEB well past our 2.25 target.....debating locking in 1/2 presently....

FNSR solid comeback from .45 continues....




source: www.greenbackers.com
post #9593 of 20227
Quote:
Originally Posted by yowhatup View Post
Sent: Monday, July 20, 2009 10:19 AM


Notables:








We mentioned NTWK as best extending, but other gb holding HEB was/is in tandem....
2.42 0.31 14.69% 5,855,720 Last Trade as of 11:20 AM ET 7/20/09


NTWK adding 6 cents the last hr...
1.10 0.15 15.79% 288,167 Last Trade as of 12:12 PM ET 7/20/09





20+

BIDU recall among best charts in 2009 mention yesterday....also earnings due out this week....
Last Trade: 331.811
Trade Time: 11:45am ET
Change: 10.211 (3.18%




5-10


BEAT rebound resumption in tack.....adding a dime from prior....
Last Trade: 6.56
Trade Time: 11:56am ET
Change: 0.31



OREX perhaps providing best volatility....jumping between 6.40 and 7......
Last Trade: 6.81
Trade Time: 11:55am ET
Change: 1.12 (




FEED ran to 6 last week....building off of 2 day pullback support at 5.70.....debate for continued ongoing strength....
5.79 0.11 1.94% 617,922 Last Trade as of 12:15 PM ET 7/20/09



2-3




CHINA gap filling supporting 2.30 into the morning....still view as an anticipation with IPO plans..upping target to 2.50..... UPDATE - CDC Games sees 50 pct sequential rise in Q2 revenueat Reuters(Mon 11:09am)
2.34 0.1799 8.33% 2,057,674 Last Trade as of 11:25 AM ET 7/20/09

Of 2009 From The 1Q Of 2009 >CHINA
Monday 07/20/2009 8:30 AM ET - T
CDC Corp Raised To Outperform From Underperform By Wedbush Morgan >CHINA
Friday 07/17/2009 8:37 AM ET - T
CDC Software Files for USD62mn IPO
Friday 07/17/2009 7:34 AM ET - SinoCast

Company Market Cap YTD Price Performance
CHINA
CDC Corp
229.2M +87.8%




LIOX remains a dollar outperformer....has been upping from 1.20 the last month...
LIOX 11:36AM ET 2.36 0.17 7.76% 129,812

Lionbridge is Added to the Russell 3000(R) IndexPR Newswire(Mon, Jun 29)
Lionbridge Secures Agreement With Dell as Strategic Provider for Global Online Content; Expects New Client Program to Generate Approximately $8 Million AnnuallyPR Newswire(Thu, Jun 25)







1-2


CYTR giving up over 1/2 of pre mkt pickup on the news....ongoing support around 1.10 the last week.....
CYTR 11:19AM ET 1.17 0.07 6.36% 1,303,195 833,352 1.21 1.16 - 1.24



We mentioned ETFC as a catchup play......sluggish inching bias....
1.27 0.04 3.25% 11,144,481 Last Trade as of 12:13 PM ET 7/20/09




Under 1


BCON exemplifies some dollar alt energy plays acting up...BCON ran to 1.05 back in June......
BCON 11:14am ET 0.73 0.07 10.62% 1,575,952 2,399,930 0.73 0.70 - 0.77

Beacon Power Expects To Have Up To 5 MW Of Flywheel Energy Storage Capacity Installed By Yr-End >BCON
Monday 07/20/2009 9:18 AM ET - T
Beacon Power: Expanded Capacity Generating Rev From New England Grid Operator >BCON
Monday 07/20/2009 9:18 AM ET - T
Beacon Power Connects Second Megawatt Of Regulation Service
Monday 07/20/2009 9:18 AM ET - T






CPST not one of them, but do recall pickup last week....reminding on a strong backlog still....Although revs missed last earnings, still were up 28%....
CPST 11:14am ET 0.81 0.0006 0.07% 1,075,404 4,237,380 0.805 0.75 - 0.84



MNI a russell addition in june....??
MNI 11:45am ET 0.52 0.0780 17.73% 625,188

Earnings preview: Loss anticipated in McClatchy 2QAP(Mon 7:28am)
scheduled to report its second-quarter results before the stock market opens Tuesday





Pennies:



SPNG solid comeback continues......mid morning support setting in around .1125......In spite of gains from .08 recently, still think it has legs to .12, given the continued solidness of the rebounding pattern... 0.1138 0.0113 11.02% 46,763,649 Last Trade as of 11:12 AM ET 7/20/09

SpongeTech(R) Delivery Systems, Inc. CEO and COO Purchase Company's Stock
Monday 07/20/2009 9:30 AM ET - BusinessWire its Chief Executive Officer, Chief Operating Officer and Board Members have been purchasing SpongeTech(R)'s common shares in the open market. Together the team has purchased approximately 18.2 million shares



Last week OCSI debacle from .19 on bankruptcy news...Today's pickup didnot start until 10:30am est....
OSCI 11:31AM ET 0.06 0.0195 50.65% 14,672,202 10,778,500 0.04 0.0350 - 0.0650






Recall VRAL pump and dump article...keeps jumping back above .08....
0.083 0.0050 6.41% 1,834,744 Last Trade as of 11:22 AM ET 7/20/09





One penny that dumbfounds us is EDIG.....back in June they came out with what we thought was a very strong earnings rpt....has not been able to gain traction since however.....Deserves better....
EDIG.OB 11:02am ET 0.10 0.01 12.17% 27,200 189,047 0.115 0.10 - 0.12

e.Digital Announces Record Revenues and Profitable Results for Fiscal Year 2009Marketwire(Tue, Jun 16)
52wk Range: 0.08 - 0.20
Volume: 27,200
Avg Vol (3m): 143,050
Market Cap: 28.57M
P/E (ttm): 10.10
EPS (ttm): 0.01





gb portfolio:

General strength across....nice.....

HEB well past our 2.25 target.....debating locking in 1/2 presently....

FNSR solid comeback from .45 continues....




source: www.greenbackers.com
Like I said earlier it's holding well @ 0.11 we could see a drop below 0.11 tomorrow if we don't close near 0.12 today
post #9594 of 20227
.112 close . At least its not back to .09...I'm ok with it...Alittle at a time will be good..
post #9595 of 20227
Quote:
Originally Posted by syynik View Post
Wow. Props to you, Polsih. How long before you realized 'hey, I may not need a job after all'...
Lol/ The wife was not so confident it would continue.
post #9596 of 20227
Quote:
Originally Posted by blanchedsoldier View Post
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.
I daytrade with less than %5 as I believe it to be speculation. That being said, alot of my FAS trades were swing trades.
post #9597 of 20227
Something interesting that I saw posted that I feel probably is true

Trying to set the record straight.

After the big run up in early June SPNG likely sold hundreds of millions of shares on the open market in the .20s to generate huge amounts of cash for their buy back program. This would temporarily increase the O/S, and thus the need for an A/S increase as well.

The reason for selling huge amounts of shares is to buy back an even greater number of shares on the open market soon, and before the 10K gets filed at the end of August. This would complete their buy back program.

SPNG knows that once the 10K gets filed at the end of August and the forward looking numbers are announced as well as a reduced O/S, the PPS will soar and they will no longer be able to buy back such a significant amount of shares.

For instance, if the PPS of SPNG goes to .75 this fall, then to buy 100 million stock, they would have to spent $75 million dollars. Whereas right now to get 100 million stock they would have to spend only $11 million dollars.

As a result of all of this, you are likely to see on O/S much less than 722 million at the 10K filing at the end of August. Furthermore, when they start buying stock back (hundreds of millions) you will see a sustained bull rally leading into the 10K announcement.

It comes as no surprise that SPNG managment has announced they have bought 18.2 million worth of SPNG stock, they know they are going to get rich. Trust me, they do not feel bad for those they sold to in the .20s, because as an investor, you should hold and ride it much higher from here anyway, not trade it and lose your ass.

IMO, most, if not all of what I just wrote is 100% correct.

You will see a volume increase here very soon, coinciding with a PPS rise leading up to the 10K. After the 10K I guarantee management will not be buying back shares, too expensive.

Call it a loophole or whatever you want, SPNG management has found a way to take a penny stock and drive it much higher in the coming future. Really, these guys are brilliant, and I will be buying my first house straight cash with what I get from this investment.
post #9598 of 20227
Quote:
Originally Posted by 2good4u View Post
Something interesting that I saw posted that I feel probably is true

Trying to set the record straight.

After the big run up in early June SPNG likely sold hundreds of millions of shares on the open market in the .20s to generate huge amounts of cash for their buy back program. This would temporarily increase the O/S, and thus the need for an A/S increase as well.

The reason for selling huge amounts of shares is to buy back an even greater number of shares on the open market soon, and before the 10K gets filed at the end of August. This would complete their buy back program.

SPNG knows that once the 10K gets filed at the end of August and the forward looking numbers are announced as well as a reduced O/S, the PPS will soar and they will no longer be able to buy back such a significant amount of shares.

For instance, if the PPS of SPNG goes to .75 this fall, then to buy 100 million stock, they would have to spent $75 million dollars. Whereas right now to get 100 million stock they would have to spend only $11 million dollars.

As a result of all of this, you are likely to see on O/S much less than 722 million at the 10K filing at the end of August. Furthermore, when they start buying stock back (hundreds of millions) you will see a sustained bull rally leading into the 10K announcement.

It comes as no surprise that SPNG managment has announced they have bought 18.2 million worth of SPNG stock, they know they are going to get rich. Trust me, they do not feel bad for those they sold to in the .20s, because as an investor, you should hold and ride it much higher from here anyway, not trade it and lose your ass.

IMO, most, if not all of what I just wrote is 100% correct.

You will see a volume increase here very soon, coinciding with a PPS rise leading up to the 10K. After the 10K I guarantee management will not be buying back shares, too expensive.

Call it a loophole or whatever you want, SPNG management has found a way to take a penny stock and drive it much higher in the coming future. Really, these guys are brilliant, and I will be buying my first house straight cash with what I get from this investment.
Makes sense to me... I would do the same thing if I were in their shoes...
post #9599 of 20227
If anyone looked at the similarities between the April run and the June run you will see that both of these runs had a %78 retracement. For some reason I keep comparing the two which leads me to believe that we are going to be setting up for yet another big run.
post #9600 of 20227
Quote:
Originally Posted by 2good4u View Post
Something interesting that I saw posted that I feel probably is true

Trying to set the record straight.

After the big run up in early June SPNG likely sold hundreds of millions of shares on the open market in the .20s to generate huge amounts of cash for their buy back program. This would temporarily increase the O/S, and thus the need for an A/S increase as well.

The reason for selling huge amounts of shares is to buy back an even greater number of shares on the open market soon, and before the 10K gets filed at the end of August. This would complete their buy back program.

SPNG knows that once the 10K gets filed at the end of August and the forward looking numbers are announced as well as a reduced O/S, the PPS will soar and they will no longer be able to buy back such a significant amount of shares.

For instance, if the PPS of SPNG goes to .75 this fall, then to buy 100 million stock, they would have to spent $75 million dollars. Whereas right now to get 100 million stock they would have to spend only $11 million dollars.

As a result of all of this, you are likely to see on O/S much less than 722 million at the 10K filing at the end of August. Furthermore, when they start buying stock back (hundreds of millions) you will see a sustained bull rally leading into the 10K announcement.

It comes as no surprise that SPNG managment has announced they have bought 18.2 million worth of SPNG stock, they know they are going to get rich. Trust me, they do not feel bad for those they sold to in the .20s, because as an investor, you should hold and ride it much higher from here anyway, not trade it and lose your ass.

IMO, most, if not all of what I just wrote is 100% correct.

You will see a volume increase here very soon, coinciding with a PPS rise leading up to the 10K. After the 10K I guarantee management will not be buying back shares, too expensive.

Call it a loophole or whatever you want, SPNG management has found a way to take a penny stock and drive it much higher in the coming future. Really, these guys are brilliant, and I will be buying my first house straight cash with what I get from this investment.
I'm right there with you, though I'm planning on paying off the cars, truck, and boat with mine.
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Penny Stocks
HotStockMarket › Forums › HSM Stock Forum › Penny Stocks › SPNGQ - Spongetech Delivery Systems, Inc.