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#1 |
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Join Date: Aug 2006
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SpongeTech Delivery Systems, Inc. Partners with New York Giants for 2009 NFL Season - Yahoo! Finance
awesome news!!!
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#2 |
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They are already working with the cincinatti bengals. i wouldnt' be surprised if they had an entire nfl network deal.
unfortunately i think spng has a stack of PR's just waiting to be put out. the only one i really care about is a wal-mart signing or buyout from someone like 3m.
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#3 |
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Super Moderator
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here's the good stuff.
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#4 |
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Super Moderator
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they are one of the first companies in all of u.s. sports to get on practice jerseys. this is very common in europe.
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#5 |
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Super Moderator
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and another one.
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#6 |
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if the volume doesn't pick up on spng, i'm going to have to sell a little bit. i'm going to wait and see if we get the 10k at the end of the month. good, bad, no change after that will decide what i do with it. 2 weeks with no change is pretty unusual. extremely low volume, under 25,000,000 shares trades. there were points 2 weeks ago over 100mm.
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#7 |
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volume is low. word is, big news is coming in september. i'd sit on it for a while like everyone else is doing.
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#8 |
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Super Moderator
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pr's make this thing go down. lol what "big news" have you heard? All I know is that the 10k is coming out at the end of august. volume is up today, so hopefully things shake a little bit. i still believe in the stock in the long run, there are just a few problems.
1) too many mm's shorting the stock 2) too many daytraders and flippers 3) not enough investor confidence. if we can turn around 2 of the 3, we should see a jump.
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#9 |
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2 important dates coming up. the 10k, which should be on 8/31 and the 10q, which should be out around 10/15 if you look at past releases.
i'll keep pumping money into the stock. i feel pretty good about what is going on here. i dont' see many other investments that can get me a return like spng will. hopefully it doesn't come back to bite me in the ass putting such a large portion into one stock. but if you want to win big, you have to gamble bit. i'll either be paying off grad school or having a lot of tax write offs for the next few years.
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#10 |
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Super Moderator
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#11 |
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i'd love to see a solid penny a day for the next 30 days
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#12 |
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haha, that would be nice. i would be happy with it too. it had a nice pop today. beat the .15 and .16 resistance levels pretty easily.
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#13 |
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still holding a solid 1.5 cent gain. i can live with that
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#14 |
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i'm having a hard time not selling today and anticipating a dip to rebuy. but i'm not going to risk it. not with the 10k coming out next week. the risk reward isnt' there. maybe increase my holding by a couple thousand shares isn't worth it if this thing jumps to .20 tomorrow.
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#15 |
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everything says hold/buy. selling now for a small profit is a mistake IMO.
It's possibly this thing goes to $1 by years end. if it does, my $100 will turn into $15,000.
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#16 |
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thats an awesome rate of return. i bet you wish you put it all into sponge huh?
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#17 |
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no, i don't. I believe in carrying a diverse portfolio. 60% of my holdings is long term, dividend paying stocks that i use as my solid base. Their price is pretty steady, and the divdends keep them worthwhile to hold long.
the other 40%, i play with. I wouldn't say i day trade, but week-trade is more like it. When something looks good, i'll put some money into it and hold it for a while and see what happens. when its time to bail, i bail and move on, looking for the next best thing to come. Of course, if i had a greater bank roll, this would be a totally different ball game. But, since i lost my job contributing back in april to both of my stock accounts. i was sitting around 8k at the time. (5/3 simple/roth accounts) Today, i'm just shy of $14k. (9/5) So, i've made a good deal of money off no residual investment funding, just buying smart and playing the game well.
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#18 |
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thats a really good return. hopefully you can get with a company that will give you more benefits.
i day traded a TON when i was getting free trades at TDA. made some good money. can't keep doing it though because $20/flip is spendy when you only make $50-$100/trade. i'm up pretty well in the last 3 months, mainly due to spng.
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#19 |
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Administrator
Join Date: Aug 2006
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I don't think i'm going back to work. I like my life again
Sure, i'm not making bank, but i'm stress free, have cut my living expenses by 300% (it's amazing how much money you spend just to GO to work every day). my bills are paid. i'm not losing my house or my cars. all my utilities are paid. i have food on my table. working for the man gets your no where. I love this lifestyle. work when i want, how long i want, and for how much i want, or i go outside, relax, watch a movie, or work on the yard. it's like i'm retired ![]() Sure, i don't have much spending money, but i don't really need it to be happy at this point in my life. As long as i make solid investment choices, my retirement will get funded properly and i'll have a nice life. I'll put my (future) wife to work, and i'll go on her health insurance i has a plan
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#20 |
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Super Moderator
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haha, sounds like an awesome plan that you have there buddy.
ifsl made a nice jump today too... i'm still annoyed i didn't put more money into it. oh well, expenses and bills come first, investments come later.
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#21 |
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10k on monday!!!!
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#22 |
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Super Moderator
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another 5,000,000 share buyback by spongtech. $.20/share.
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#23 |
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Administrator
Join Date: Aug 2006
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#24 |
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Super Moderator
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4,800,000 buyback today.
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#25 |
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10.8mm yesterday and 6.6mm today.
this stock is going to rally. buy now, sell above $.30 before r/s. i'm going to let it rally. when it gets above $.30 i'm going to put a stop limit on it. if it hits $.40 before the r/s i'm going to let it ride and sell at market before close on the 21st.
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