posted
what do yall guys/ladies think about spng. something doesnt add up here.. there balance sheet is amazing.. correct? i dunno kinda weery about this,..
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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posted
or the fundamentals w.e.. they both look really good... i dunno lol kinda skeptical about jumping in
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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posted
I don't think it's a scam at all, imo. The brand is very solid. I see their sponges at CVS, on TV, at Costco, in baseball parks, and more. I haven't done the research on whether the price is a fair value, but I don't think this is a scam. The company may eventually do things with their stock to raise capital, but I think it's a secure company (company, not stock price) that is too big now to play around with their numbers. I neither own stock, nor do I intend on purchasing some in this company. Just my opinion, always do your own research.
Posts: 406 | From: San Diego | Registered: Jun 2009
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thanks to all.. always good to here educated responses
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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Hey dizz, I've mentioned b4, that i got in on spng when it was nothing...and it went to 10 cents overnight, then 14, then up to 28, and then it dropped again to around 14 and I got out. I made alot of money. My mom unfortunatly got in at 16, then it dropped terribly and I told her to hang on bc i knew it would come back up, and it has...but it's taken almost a month. I believe that this is a WELL run company that is going places, and those that own stock could get very rich overnight AGAIN...if say a store like walmart gets ahold of them. They are getting alot of orders, and it's a product that people are talking about. This company wants to do the things it needs to do to get on the nasdak and play with the big boys. I am so on board with what smash was saying. It's not a scam, it's a solid company trying to become a huge company. IMO, if walmart were to announce an initial order this stock would go to over $5.00 overnight
Posts: 254 | From: Middle of Kansas | Registered: Jul 2009
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posted
yes, i see what you are saying.. the fundamentals are there, by far they are really good. i guess i need to get in the sponge buisness lol.. i wanted to get into this company, but feel now it is too late.. i will wait until a good pr that will make myself believe that this stock is going somewere and its not just a hype right now.
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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posted
It's the text book speculative stock if there is such a thing.
They're saying and doing all the right things in order to grow the company at an incredible rate. Ads everywhere, sports venues, positive trade reviews, etc..
I got in everywhere from .02, to .1097, whenever there was a sizable pull back.
I believe we'll see the stock approach the .30 mark as we get closer to the annual earnings at the end of August. If they have thier crap together and exceed expectations by a bunch, then we'll see this stock over $1.00 going into September.
Good luck, and do your own research.
Posts: 44 | From: Florida | Registered: May 2009
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Lockman im not do good at readin that chart lol what does that mean for non stock experts? spng is goin under?
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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posted
Yeah I don't see what Lockman sees, but his charting is much more advanced. All I know is, if Spongetech drops to like 8 or 9 cents, I'm in for sure. It dropped to like 8 cents not two weeks ago, then jumped back to like 16 or so cents. This company is so solid, imo Still too expensive for me right now, and volume is too high for a huge gain, but a big dip to 8 cents would be a fantastic buy opportunity, imo. I can't see them getting above it's current level (between 15 to 20 cents/share) because the market cap is like $100 million. If it got to $1.00 like someone mentioned, it would be a billion dollar company? I just can't see that happening (just my opinion). But 8 or 9 cents a share is WAY undervalued...if it were to get there again.
Posts: 406 | From: San Diego | Registered: Jun 2009
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