Market Watch for 9/28/2009 (Week of)

[Dr. Dave]

I started at $3.29 on that one... but last buy was in the $4.35 range on SQNM. They are across 2 blocks away from me, but maybe not for long, lol. Funny thing was, I was playing the dead cat bounce... I bought 7 days after that first drop... and it was last night that I actually looked at their earnings, and thought, maybe I should take the profits on this one. I actually didn't have a cash out plan on it... anyway, small positions, and keeping my accounts looking like an ETF helped cushion the blow, lol.

[candleman]

I started at $3.29 on that one... but last buy was in the $4.35 range on SQNM. They are across 2 blocks away from me, but maybe not for long, lol. Funny thing was, I was playing the dead cat bounce... I bought 7 days after that first drop... and it was last night that I actually looked at their earnings, and thought, maybe I should take the profits on this one. I actually didn't have a cash out plan on it... anyway, small positions, and keeping my accounts looking like an ETF helped cushion the blow, lol.

Yep, that's the trick for me. Lots of small positions spread all over the board. I'm happy with 10 and 20% moves and then I'm onto the next one.

It's time to go for my nightly bike ride. I'll catch you all in the morning. Let's hope for a very profitable Wednesday!

[Dr. Dave]

On PMU, that is the exact plan that I was following. The pullback in gold signaling the time to buy in. I do feel strongly that 30 cents or less is the point to do it.

Although I don't look at much more than the 1 day, 5 day, and 6 month daily sales charts. I want you to know how nice it is to have my gut feelings backed up by your super charting.

Gold has been weak for the last several sessions. But, once we firmly break over the 1020 mark, I think we'll see 1200 pretty quickly, like 2 to 3 weeks. Then it will be time to take a 25% profit in PMU and let Bill find another hot property!!!

Yeah, it's tough being patient... I don't have sell signals on the futures contracts, nor on the forex pair... but do have one on GLD. I noticed futures are creeping up a little... but I'd again rather be patient and just buy after a pullback, not risk trying to ride it up if we get upside tomorrow. These days I'd rather miss a trade, than get a whipsaw... of course, if it explodes, tomorrow, I jump off a bridge.

[Dr. Dave]

Ok you DD diggers - what about CBAI? maybe a little late today, but look at the action... lets see if it forms some support - have no clue what it is or does... if you are in google mode, check it out.

[imromo24]

nice day today to see some green out of spng...speaking of green, greenbridge industries, the company that spongetech is licensing or something for their zap stain pen is offering a stock dividend, something i think spongetech will be doing soon.

they are both also partners with the darryl strawberry foundation, makes me think they talk along the same lines

SARANAC, Mich., Sept. 28 /PRNewswire-FirstCall/ -- Green Bridge Industries, Inc.'s (OTC PK: GRBG) Board of Directors has approved a $2.5 Million common stock dividend for shareholders of record as of this Wednesday, September 30, 2009. As previously announced, Green Bridge Industries shareholders will receive one share of Green Bridge Technologies International, Inc. (OTC PK: GRBT) stock for every 20 shares they own of Green Bridge Industries Stock as of the Record Date. Green Bridge Technologies International is currently trading at approximately $.011 per share.

http://greenbridgeindustries.com/ind...&id=4&Itemid=6

i bought more spng today at .0615, i now have 72k shares

[imromo24]

Had to come back after coming across this on Google ...

Up 1,055.70% to close at 0.72 ???

Man, talk about elation\dejection at the same time ...

Is it a goof?

Edit: Apparently so ... Wonder how many defibulators that jacked up ... lol

yeah, luckily it didn't hit my ameritrade account, damn i would passed out...the trade actually went through if you look on otcbb.com and the level II tab it shows a 14k share trade at 16:00:04, the official close....its a sign!

[imromo24]

SPNGE

Our little sponge buddy is even looking up today! It's now worth about two thirds of what I have in it. At this pace, I'll be rich in 24 years.

lol, not to worry, it will move up faster than it came down...(fingers crossed)

[imromo24]

oh by the way, the double bottom i wrote about a while ago would have been confirmed with the drop to .052, uh, im not a chartologist, i just read quickly about the double bottom and it say it takes a couple months and the second bottom has to be lower than the first, the first bottom was in june and it was about .08 ish, so good things to come....

10k sooner than later IMO, did you see that they posted some new documents on edgar online?

i believe this may have caused todays run up, which could continue, i havent read it but yazoo says that the info should have been posted long ago, and may be part of the sec investigation and the reaudit, the fact that they have edgarized this stuff shows improved confidence that they are working to be transparent

http://www.sec.gov/cgi-bin/browse-ed...clude&count=40

[imromo24]

spng's and godiva joined to form a new spngtech dessert that expands and brings joy for hours after eating...called Grandma Mary's evening delight sponge...

was i close?

[imromo24]

Note # 2 to Mel: Would you believe that my primary motivation for purchasing stock in Spongetech Delivery Systems is that *they* are marketing *their* product?!? Really, Mel, is *that* so hard to believe? Is *that* so difficult to achieve?

Okay...

after years of abuse from siri not advertising, the biggest reason i went all in on spng was the advertising...you could sell a pile of horse sht to half of america if you told them that it worked...you don't even have to say for what...

thats how i figured that only 6 out of 100 americans need to purchase 1 sponge for me to make lotsa money...since i bought 6 myself i took care of my whole neighborhood...