Market Watch for week of 8/17/2009

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Originally Posted by thetree

Oh yuck! The old miggle bone! It sounds so dirty!!!

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That's funny! Bend over Rover, Miggle is coming over.

I was wondering why this came out yesterday and the stock dropped today. Was it just profit taking? I am just curious as I wasn't following it.

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SpongeTech® Delivery Systems, Inc. Reports $13.5 Million in Orders for the Month of August to Date
Date : 08/17/2009 @ 2:00PM
Source : Business Wire
Stock : SpongeTech® Delivery Systems, Inc. (SPNG)
Quote : 0.138 -0.0024 (-1.71%) @ 4:01PM




SpongeTech® Delivery Systems, Inc. Reports $13.5 Million in Orders for the Month of August to Date

SpongeTech® Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge™, (OTCBB: SPNG) is pleased to announced that the Company has received approximately $13.5 million in new orders thus far in August. The Company has benefited from substantial reorders from existing customers as a result of the increased marketing campaign utilizing television, radio, six NFL teams, Major League Baseball teams and the World Football Challenge. The marketing campaign has been successful and recognized at the retail level with strong retail demand for all of SpongeTechs’ products. In addition, the Company has secured several important initial orders from major retail chains that should geographically diversify revenues. Management believes the drive in sales should continue as SpongeTech® brands its product line as The Smarter Sponge™.

“We are pleased with the continued demand for our products at the retail level and based on the orders that have been coming in, we are confident that our expansion into over 100,000 retail locations by the end of this year is very much in the horizon,” said SpongeTech®’s COO, Steven Moskowitz. “We believe that SpongeTech will be able to sustain the current pace that the Company is experiencing.”

For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com.

About SpongeTech® Delivery Systems, Inc.

SpongeTech® 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®'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 is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech® Delivery Systems, Inc. intends to globally brand its products as The Smarter Sponge™ .

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.

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Originally Posted by bigsandy

Hey, were any of you guys still in ASFX +587% on big news. Nice! :clap:

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LOL - I emailed my GF who I had bought some ASFX for her account, but also put a link for the thermometer first, since her sister had a baby. She of course looked at the thermometer link, not the chart link, and when I emailed back, she still hadn't looked at the chart, so I called, and then she looked at it, but didn't notice the white bar, so she kept saying "it looks down, look at the red bar". So I had her read the numbers across, and she read the price change, and then she says, "ok", so then I said, look at the percent change. She said "wow", followed by "is that good?".

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Originally Posted by billhart22

I was wondering why this came out yesterday and the stock dropped today. Was it just profit taking? I am just curious as I wasn't following it.

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SpongeTech® Delivery Systems, Inc. Reports $13.5 Million in Orders for the Month of August to Date
Date : 08/17/2009 @ 2:00PM
Source : Business Wire
Stock : SpongeTech® Delivery Systems, Inc. (SPNG)
Quote : 0.138 -0.0024 (-1.71%) @ 4:01PM




SpongeTech® Delivery Systems, Inc. Reports $13.5 Million in Orders for the Month of August to Date

SpongeTech® Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge™, (OTCBB: SPNG) is pleased to announced that the Company has received approximately $13.5 million in new orders thus far in August. The Company has benefited from substantial reorders from existing customers as a result of the increased marketing campaign utilizing television, radio, six NFL teams, Major League Baseball teams and the World Football Challenge. The marketing campaign has been successful and recognized at the retail level with strong retail demand for all of SpongeTechs’ products. In addition, the Company has secured several important initial orders from major retail chains that should geographically diversify revenues. Management believes the drive in sales should continue as SpongeTech® brands its product line as The Smarter Sponge™.

“We are pleased with the continued demand for our products at the retail level and based on the orders that have been coming in, we are confident that our expansion into over 100,000 retail locations by the end of this year is very much in the horizon,” said SpongeTech®’s COO, Steven Moskowitz. “We believe that SpongeTech will be able to sustain the current pace that the Company is experiencing.”

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As long as the price is bound, and the volume keeps lowering, its ok with me for today... the direction it takes next is where I'll get weirded out.

http://www.scripps.edu/~davess/siri9/SPNG3.png

Ah... I shoulda pounded the ask with the big bucks. 0.025 is the next one down (too remain in hedged ambiguosity, just saying, that's the line, not that I think it will hit it tomorrow).

http://www.scripps.edu/~davess/siri9/QASP.png

I like this one though... a normal retest would have just hit the line... though some go in a fib or two...

http://www.scripps.edu/~davess/siri9/MGLG.png

Here's a more common retest... bounce of the sideways channel, but close on the upward channel. Looks like there are two sets of players fighting on these.

http://www.scripps.edu/~davess/siri9/FCEL2.png

Gap fill and rebound - shows how a small put could have settled your nerves, if placing a put, set the stop to the high in case it didn't fill the gap.. only a minor loss... but if the gap is filled, you'd make bank. Looking for the same action on PCLN... fingers crossed.

http://www.scripps.edu/~davess/siri9/GRMN2.png

Riding that Fib retracement... will feel safer at above 0.08 - duh?

http://www.scripps.edu/~davess/siri9/BEHL.png

Likely dumb of me, but I removed my original today at 0.01. I'm pretty positive it has another day, like 99% positive, but I feel better getting the 1 bird back in the hand. Chalk one up for google maps.

http://www.scripps.edu/~davess/siri9/ASFX.png

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Originally Posted by Ramsey

Hey guys (and gals?)

I started reading you guys a week or two back & thought I'd step up and say hello - finally.

What I've gathered, this forum is most fortunate to have the likes of you all & I'm quite pleased to stumble into this thread. Okay, I didn't really stumble - a buddy of mine mentioned that he had been in communication with a few of you and spoke highly of his interaction.

I must say that I agree with him. It's refreshing to have such level of educated and respectful folks - indeed.

A little about me - I'm a photographer, in San Diego, on the disabled list. So, I've used my down time (wisely?) to become more familiar with the market and even to invest more.

What's funny, in a not_so_tasty way, is that we (the wife & I) bought into Sirius back when Howard signed on. Why? Well, my wife was in love with him - okay, maybe she just enjoyed listening?!? - and we knew that there were plenty of folks *just like her*, so we bought the stock & then bought the service.

We watched our investment go up and then we watched it go down.

skipping the unsavory - run for the can because I'm going to throw up stuff that happened in between then and now...

Well, I'll consider the "now" to be when Mel announced the end of the merger - because that's when we bought back in - and then watched the dog get sick, again.

This year, since having the time to educate myself, we jumped back into Sirius with both feet & our checkbook.

We made some smart, if not brazen (and perhaps the polar opposite of what our financial advisor would say to do), we've double & even tripled down on Siri and have increased our position tremendously while averaging down to a very nice level.

side note: it's really weird to have TDA put us on it's "hey, you've hit such and such mark on your portfolio and now we're going to give you free stuff" list.

The plan, as it were, was to add and average down and then take our money back and play with free shares.

Now - well, isn't it funny how the "over core" shares manage to sneak into the "core" shares? Yeah, we're now officially LONG on all shares.


So, what do I do now? Now that we're long on all of Siri? Quite the conundrum ;-)

After going through the messages on this board, I decided to purchase a few shares of QASP - 3 lots at this point. Not a lot of $ - I'm under $700 in.

Why did I buy? There's really only one reason when it comes down to it - and that's their acquisitions that are due to close at the end of the month.

My plan for that is to take my cash back between a nickel & 6 and let the rest do whatever it'll do.

After that, I plan on turning off my computer and take up swimming as a hobby...it's a hell of a lot less stressful ;-)

Well, there's *that* and also the fact that I really don't like getting up early.

So, there ya go - I'm officially de-lurked. You all know that I'm here and you know my basic story.

Happy days to you all and to you, Happy Days


Ramsey

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I've been waiting for this post for a while, LOL