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Old 06-07-2009, 10:35 AM   Nav to Top  #31
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Thank you Superfly, I agree completely. If you have free shares, it might be okay in the long run to let them ride; however, if you have a decent return on initial investment and have not sold, I would suggest selling some of the profit at the very least.

Darin
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Old 06-07-2009, 11:19 AM   Nav to Top  #32
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Recent video link chart analysis:

http://investorshub.advfn.com/boards/pla...

Not just TV sales anymore. Costco and other retailers getting involved now I hear . . .
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Old 06-07-2009, 11:19 AM   Nav to Top  #33
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Opps! Sorry. Link doesn't work I guess . . .
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Old 06-08-2009, 05:04 AM   Nav to Top  #34
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At the very least the next 2 quarters are going to be great for SPNG. Once spongebob hits the shelves they will gain even more profit. I know everyone says it is just a sponge but Americans love convenence and that is what this sponge gives you. I think SPNG is a strong buy and will continue to rise.

I think a possible good play would be to buy in and ride it until late fall, or re-evaluate from there and see how their sales are when summer is over. The car washing sponge is the hot sponge right now so we will just have to see how the bath sponges do on sales.

It is always positive when a company opens up pre-orders on a product due to so many inquiries on when they are going to release it.
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Old 06-08-2009, 05:18 AM   Nav to Top  #35
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Hey bondo26,

I am thinking about getting in on this one. I've been watching the steady climb. Would you expect any profit taking pull back today? Do you think I can get in under .10? Thanks!
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Old 06-08-2009, 05:29 AM   Nav to Top  #36
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I think that you will be able to get it under .10.

Here is my thinking, Looking at the charts from 1 June, it most always starts out higher then has a small sell off then a gradual continuous rise. I think it will open around .11 and drop down to around .9 cents if it follows last weeks pattern.

Granted I say this now and I will look like an idiot. I plan on buying again if it goes below .10. I should say that I will continue to buy through summer at the very least and then re-evaluate from there. I myself am a big believer in this company. I have been in and out from its one and two cent days and finally freed up some money to buy back in at .081

This is one of the cleanest penny stocks to do DD on..

I could be way off but either way I will buy more of this stock and I will continue to hold. My wife was mad at me because we held alot more shares back in March than we do now..
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Old 06-08-2009, 09:09 AM   Nav to Top  #37
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Originally Posted by Superfly View Post
No offense to anybody, but always keep in mind just what these guys are. They are a sponge company that sells products over the TV. Just as with every other "fad" that the tube broadcasts they will likely disappear in the end. Not trying to rain on the parade, but there are much better investments out there guys
No offense taken. I am thinking about setting in SPNG free shares again this morning, and putting my initial investment elsewhere. If you see anything else like your TTNP performance from May-please share

I keep repeating to myself-real money is better than virtual-as read somewhere on this board.

I see Global markets are down-should we be expecting a red day?
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Old 06-08-2009, 09:35 AM   Nav to Top  #38
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Here is a PR letting us now that SPNG will be promoting themselves to many portfolio managers..

SpongeTech(R) Delivery Systems, Inc. to Present at Noble Financial
Equity Conference in Florida
Last update: 6/8/2009 9:02:22 AM
SpongeTech(R) to Present at 9:15 am EST June 8, 2009
NEW YORK, Jun 08, 2009 (BUSINESS WIRE) -- SpongeTech(R) Delivery
Systems, Inc., America's Cleaning Company(TM), (SPNG) is pleased to
announced that the Company will be presenting at Noble Financial's
Fifth Annual Investor Conference, a two day conference from June 8-9,
2009, at the Hard Rock Hotel in Hollywood, Florida. SpongeTech(R)'s
CEO, Michael Metter, and COO, Steven Moskowitz are scheduled to
present SpongeTech(R), America's Cleaning Company(TM), at 9:15 am EST,
Monday June 8, 2009 and will host a question and answer session after
the presentation.
Noble Financial is a privately-held, full-service capital markets firm
focused on converting market inefficiencies into profit opportunities.
Noble Financial supports emerging growth companies through strategic
advice, investment banking, market-making, sales & trading,
comprehensive equity research, and the development of institutional
support. 140 public companies are expected to participate in this
year's event. For additional information, visit: .
SpongeTech(R)'s COO Steven Moskowitz said, "As we begin our 2010
fiscal year, this conference give us the opportunity to present our
Company to many portfolio managers, analysts and potential investors
and to share our growth strategy and recent achievements."
For more information, please contact Investor Relations at 1-877-
SPONGE-T, and/or visit the Company's website at:
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems is a company which designs, produces,
and markets unique lines of reusable cleaning products for Car Care,
Child Care, Home Care and Pet Care usages. These sponge-like products
utilize SpongeTech(R)'s proprietary, patent (and patent-pending)
technologies and other technologies involving hydrophilic (liquid
absorbing) foam, polyurethane matrices or other ingredients. The
Company's sponge-like products are pre-loaded with specially
formulated ingredients such as soap, conditioner and/or wax that are
released when the sponge is soaked and applied to a surface with
minimal pressure. SpongeTech(R) is currently exploring additional
applications for its technology in the health, beauty, and medical
markets. SpongeTech(R) Delivery Systems, Inc. intends to globally
brand its Company as America's Cleaning Company(TM) .
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The
statements in this presentation that relate to the Company's
expectations with regard to the future impact on the Company's results
from new products in development are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
The results anticipated by any or all of these forward-looking
statements may not occur. Additional risks and uncertainties are set
forth in the Company's Annual Report on Form 10-KSB for the year ended
May 31, 2008, the Company's Quarterly Report on Form 10-QSB for the
Third quarter ended February 28, 2009. The Company undertakes no
obligation to publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof, or to reflect the occurrence of
unanticipated events or changes in the Company's plans or
expectations.
SOURCE: SpongeTech Delivery Systems, Inc.
SpongeTech(R) Delivery Systems, Inc. Investor Relations: Bill Young,
1-877-776-6438 wayoun...@aol.com or i...@spongetech.com or Connecting
Markets GmbH Toll Free: +0800 100 42 92 Fon: +49 (0) 69 21 65 59 10
Fax: +49 (0) 69 21 65 59 11 Email: i...@cmir.de
Copyright Business Wire 2009
Copyright © 2009 MarketWatch, Inc. All rights reserved. Please see our
Terms of Use.
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Old 06-08-2009, 10:27 AM   Nav to Top  #39
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So much for that pullback that I thought may happen..
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Old 06-08-2009, 11:01 AM   Nav to Top  #40
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Wasn't quite sure if I should pull out, leaving free shares or stay, or go...

While being confused SPNG went to .15- (bought at .05)

Real money is better than virtual-pulled out 99% leaving 1 share for kicks (to watch). Still think this is only a sponge company. But it was fun.

Hope it keeps going, as I still have my 1 share
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