Took a risky purchase here, like to know everyone's thoughts.
SPNG
Bought at $0.14...this thing has crazy volume everyday but no big rallies.
On that stock, it has big volume because it has a big fat ugly float.
Let me advise you to parlay this CAR trade and move up to non cheapie stocks, try to stay away from pinks and OTCBB stocks, you will lose all you gained over the long run playing stocks and especially ones like SPNG.
The lure of 10 baggers brings people to penny stocks but the odds of winning are thin. If you want to trade the cheapies then take a very very very small ammt and do that, keep the majority of your money for stronger trades and better investments.
Also for those that have followed...if CAR hits $8.70 I'll have 1000% return in less than 6 months
I hope it hits 8.70 for you, that is a great trade no doubt.
Quote Originally Posted by KBrick84:
Took a risky purchase here, like to know everyone's thoughts.
SPNG
Bought at $0.14...this thing has crazy volume everyday but no big rallies.
On that stock, it has big volume because it has a big fat ugly float.
Let me advise you to parlay this CAR trade and move up to non cheapie stocks, try to stay away from pinks and OTCBB stocks, you will lose all you gained over the long run playing stocks and especially ones like SPNG.
The lure of 10 baggers brings people to penny stocks but the odds of winning are thin. If you want to trade the cheapies then take a very very very small ammt and do that, keep the majority of your money for stronger trades and better investments.
Also for those that have followed...if CAR hits $8.70 I'll have 1000% return in less than 6 months
I hope it hits 8.70 for you, that is a great trade no doubt.
Wall - I understand the risk involved in playing penny stocks hoping for that big hit. It worked on CAR, however I'm also positioned in AIG & BAC. I'm up enough to be able to afford a risky purchase or two....SPNG seems to fit that mold at this point. No extreme downside I can find, just whether or not the products take to the market.
Wall - I understand the risk involved in playing penny stocks hoping for that big hit. It worked on CAR, however I'm also positioned in AIG & BAC. I'm up enough to be able to afford a risky purchase or two....SPNG seems to fit that mold at this point. No extreme downside I can find, just whether or not the products take to the market.
Well that turned out strange, I meant to post this-
I hope it hits 8.70 for you, that is a great trade no doubt.
On that stock, it has big volume because it has a big fat ugly float.
Let
me advise you to parlay this CAR trade and move up to non cheapie
stocks, try to stay away from pinks and OTCBB stocks, you will lose all
you gained over the long run playing stocks and especially ones like
SPNG.
The lure of 10 baggers brings people to penny stocks but
the odds of winning are thin. If you want to trade the cheapies then
take a very very very small ammt and do that, keep the majority of your
money for stronger trades and better investments.
Not sure what happened there..lol
I wouldnt toss more than 3% of my money into all crap stocks, and I consider any and all pink/bb stocks to be crap, especially ones who have such a HUGE float like this.
Some BB stocks can be ok, say they were listed and failed to keep listing for some strange reason, well a stock like that is ok to take a try on..like MRVC, they were a listed and actively traded stock and lost listing and went to the other exchange.
Well that turned out strange, I meant to post this-
I hope it hits 8.70 for you, that is a great trade no doubt.
On that stock, it has big volume because it has a big fat ugly float.
Let
me advise you to parlay this CAR trade and move up to non cheapie
stocks, try to stay away from pinks and OTCBB stocks, you will lose all
you gained over the long run playing stocks and especially ones like
SPNG.
The lure of 10 baggers brings people to penny stocks but
the odds of winning are thin. If you want to trade the cheapies then
take a very very very small ammt and do that, keep the majority of your
money for stronger trades and better investments.
Not sure what happened there..lol
I wouldnt toss more than 3% of my money into all crap stocks, and I consider any and all pink/bb stocks to be crap, especially ones who have such a HUGE float like this.
Some BB stocks can be ok, say they were listed and failed to keep listing for some strange reason, well a stock like that is ok to take a try on..like MRVC, they were a listed and actively traded stock and lost listing and went to the other exchange.
SPNG is a solid purchase IMO...as long as you know going into it your buying into a risky penny stock. But agree, the way their expanding their business model and sales...a little more marketing and locking down some big contracts (Wall-Mart like you mentioned) and this babe could soar!!
tts
SPNG is a solid purchase IMO...as long as you know going into it your buying into a risky penny stock. But agree, the way their expanding their business model and sales...a little more marketing and locking down some big contracts (Wall-Mart like you mentioned) and this babe could soar!!
SEC: SpongeTech Hasn't Filed Periodic Reports Since Period Ended Feb 28
Monday 10/05/2009 9:49 AM ET - T
SEC Cites Questions About Accuracy Of Sales, Order Information, Rev
Monday 10/05/2009 9:49 AM ET - T
SEC: SpongeTech Trading Suspension Terminates Oct 16
Monday 10/05/2009 9:48 AM ET - T
SEC Suspends Trading In SpongeTech Delivery Systems
Those are just a few headlines from my Scottrade account about this stock....not much good news lately....are they going to bounce up from this KBrick?
SEC: SpongeTech Hasn't Filed Periodic Reports Since Period Ended Feb 28
Monday 10/05/2009 9:49 AM ET - T
SEC Cites Questions About Accuracy Of Sales, Order Information, Rev
Monday 10/05/2009 9:49 AM ET - T
SEC: SpongeTech Trading Suspension Terminates Oct 16
Monday 10/05/2009 9:48 AM ET - T
SEC Suspends Trading In SpongeTech Delivery Systems
Those are just a few headlines from my Scottrade account about this stock....not much good news lately....are they going to bounce up from this KBrick?
SEC: SpongeTech Hasn't Filed Periodic Reports Since Period Ended Feb 28
Monday 10/05/2009 9:49 AM ET - T
SEC Cites Questions About Accuracy Of Sales, Order Information, Rev
Monday 10/05/2009 9:49 AM ET - T
SEC: SpongeTech Trading Suspension Terminates Oct 16
Monday 10/05/2009 9:48 AM ET - T
SEC Suspends Trading In SpongeTech Delivery Systems
Those are just a few headlines from my Scottrade account about this stock....not much good news lately....are they going to bounce up from this KBrick?
More news...........
Latest News Headlines for Spongetech Delivery Systems Inc
The Brualdi Law Firm, P.C. announces that a lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of all purchasers of SpongeTech Delivery Systems, Inc. ("SpongeTech" or the "Company") (OTCBB:SPNGE) (OTCBB:SPNG) stock between April 15, 2008 and October 5, 2009, inclusive (the "Class Period") for violations of the federal securities laws.
Quote Originally Posted by JROCK1966:
SEC: SpongeTech Hasn't Filed Periodic Reports Since Period Ended Feb 28
Monday 10/05/2009 9:49 AM ET - T
SEC Cites Questions About Accuracy Of Sales, Order Information, Rev
Monday 10/05/2009 9:49 AM ET - T
SEC: SpongeTech Trading Suspension Terminates Oct 16
Monday 10/05/2009 9:48 AM ET - T
SEC Suspends Trading In SpongeTech Delivery Systems
Those are just a few headlines from my Scottrade account about this stock....not much good news lately....are they going to bounce up from this KBrick?
More news...........
Latest News Headlines for Spongetech Delivery Systems Inc
The Brualdi Law Firm, P.C. announces that a lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of all purchasers of SpongeTech Delivery Systems, Inc. ("SpongeTech" or the "Company") (OTCBB:SPNGE) (OTCBB:SPNG) stock between April 15, 2008 and October 5, 2009, inclusive (the "Class Period") for violations of the federal securities laws.
Not sure JROCK, I sold out of it at $0.23...as I figured a drop was coming...but didn't expect this dramatic of a downfall. Gotta read into it, but may be a good purchase if you understand the risk involved.
Not sure JROCK, I sold out of it at $0.23...as I figured a drop was coming...but didn't expect this dramatic of a downfall. Gotta read into it, but may be a good purchase if you understand the risk involved.
If you bought it last night at $.03 you would have gained 100% today...this stock is perfect right now if you KNOW THE RISK INVOLVED. It was sitting at $0.10 to 0.15 for 5-6 months before the spike up and drop down. Even buying at $0.06 you can turn a quick profit if it hits $.10
If you bought it last night at $.03 you would have gained 100% today...this stock is perfect right now if you KNOW THE RISK INVOLVED. It was sitting at $0.10 to 0.15 for 5-6 months before the spike up and drop down. Even buying at $0.06 you can turn a quick profit if it hits $.10
I'll be watching it like a hawk tomorrow, if it gets under 5...I may buy it just for shits n giggles. If it hit that 10-15 cent mark...where it was stable for so long...it'd be a nice quick profit.
I'll be watching it like a hawk tomorrow, if it gets under 5...I may buy it just for shits n giggles. If it hit that 10-15 cent mark...where it was stable for so long...it'd be a nice quick profit.
I think my gem of the century was CAR when I bought it under $1.00 (Something like $0.87) There's probably something like out there...just gotta search. SPNG may be in that range of potential % gain...but you'd have to have the cahonas to ride out the lawsuits.
I think my gem of the century was CAR when I bought it under $1.00 (Something like $0.87) There's probably something like out there...just gotta search. SPNG may be in that range of potential % gain...but you'd have to have the cahonas to ride out the lawsuits.
me off and I don't have the 
to risk....GL on your play I'll be watching to see how you do.
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