Market Watch - week of Sept. 21st 2009

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Originally Posted by candleman

Wow, the Sponge is off by 12% today.

It would be nice to find a bottom soon. I'm averaged at .12, I'd buy more and lower the average, but I'm just not sure if we're near the bottom yet.

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Anything happening in the stock right now in my opinion is just mm's and traders playing with it until the 10k comes out....could be weeks of this, should be some good buying opps, i have some cash and ill try to wait, got some at .11 tuesday

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Originally Posted by candleman

Here is another little example of how being a member of this community can pay off very well.

Bill posted something about DLAD this morning. I spent a few minutes looking into it and looked like it might move a bit today.

So, at 10:35 or so, I bought a million shares at .0006 for 610 bucks. Then I went grocery shopping and I hit the liquor store.....
When I got back at 12:30, I sold those shares at .0008 for 789 bucks.
Guys, that was 188 dollars profit after fees.

So, this morning I made $188.00 while I was picking up a cheap bottle of Canadian Whiskey, and some Coke that was on sale to mix with it. Not bad!!!

So, that's what I mean by getting in and getting out. I'm never going to get rich by doing it this way. But, it certainly can pay my way in life.

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Awesome play! Congrats!!

I like it!

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Originally Posted by imromo24

Anything happening in the stock right now in my opinion is just mm's and traders playing with it until the 10k comes out....could be weeks of this, should be some good buying opps, i have some cash and ill try to wait, got some at .11 tuesday

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Romo, just out of curiosity....how long have you been owning this stock?

I found one of the sponges at the local Walgreens last night. So, if it's here at the end of the world, it must be everywhere. I can't wait to give it a try later today.

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Originally Posted by candleman

Here is another little example of how being a member of this community can pay off very well.

Bill posted something about DLAD this morning. I spent a few minutes looking into it and looked like it might move a bit today.

So, at 10:35 or so, I bought a million shares at .0006 for 610 bucks. Then I went grocery shopping and I hit the liquor store.....
When I got back at 12:30, I sold those shares at .0008 for 789 bucks.
Guys, that was 188 dollars profit after fees.

So, this morning I made $188.00 while I was picking up a cheap bottle of Canadian Whiskey, and some Coke that was on sale to mix with it. Not bad!!!

So, that's what I mean by getting in and getting out. I'm never going to get rich by doing it this way. But, it certainly can pay my way in life.

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Good for you! Smart playing!! (I didn't know that Dave posted just about the same thing before me, lol)

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Originally Posted by Dr. Dave

Awesome play! Congrats!!

I like it!

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Thank you! There are so many ways to do this. I like that we can all play off of each other. Bill, Romo, LT, you and others with stock picks. You with your charts and knowlege. Me with my gut....LOL

It's a great place to be here in Buzz land!

Keep an eye on MSGI.....it tanked and might be on its way back up or even down.

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Originally Posted by billhart22

Good for you! Smart playing!! (I didn't know that Dave posted just about the same thing before me, lol)

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Thank you for mentioning it! I owe you a beer or two. If you ever get to the East Coast of North Carolina, I'll be here waiting.

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Originally Posted by billhart22

Keep an eye on MSGI.....it tanked and might be on its way back up or even down.

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I bought in this morning at .20

Trading volume is twice the normal amount. I'm looking for it to hit .24 and I'm out of here.....wishful thinking!!!

SPNGE found support after the pattern failure at it's price support at 0.08.

It really needs to get back into the range of the high volume down candle that broke south of the pennant - if we could short these things, pattern failures are often better than the real patterns... Anyway the low end of the high volume day is about 0.125 or so. If we can get in there, then things should look a little better, as far as I'm concerned.

http://www.scripps.edu/~davess/siri13/SPNGE.png

QASP has gotten back into the green zone, there is a new high volume candle from 2 days ago, so I need to update that chart - so the new green is above the big candle from 2 days ago, red is below that candle. As long as we stay inside, or go above, I'm good with that.

http://www.scripps.edu/~davess/siri13/QASP.png

EVFL volume is over 2 billion shares. That's 4 times the normal amount. If you can get a buy in at .0001, it may be a good investment of 400 bucks for a million shares and try and turn them in a day or two.