Can Spongetech (OTCBB: SPNG) Break .24?

Short video update on SPNG as of the close on 28 August, 2009. Can the stock get above .24?

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People & Blogs

Tags:

• SPNG
• Spongetech
• tom allinder
• tomallinder
• Technical analysis
• hot stocks
• penny stocks
• micro cap stocks
• small cap stocks

[tomallinder]

vonguinness, you are absolutely right. I would be very careful if I were long. On the other hand, if it breaks and closes above the .24 level... hummmm

[buyystocks]

at least 40-60 cents by dec, 10 k should be huge!!!!

[nedsneebly]

Come on now, the 10 k will push it past the point of resistance. I predict 1.17 by the end of the year. Im holding ALL THE WAY.

[vonguinness]

yeah, well looks like they pushed back that 10K a few days, just a waiting game.

Hoping once the news comes out it'll cause the spike....so I can sell off some of position to buy back in on the bounce.

Thanks again for the info.

[JosephJohn3]

Many thanks for your latest analysis of SPNG. It was encouraging to see last week's upward movement; glad to get your long-range view in the midst of the latest advance and the hype that may result.. I'm planning to trade incrementally, knowing there will be peaks and valleys along the way.

[vonguinness]

10K coming out Monday, dont forget to mention how PR affects price. Also the MACD is pretty high as well as STO so.....all of this taken into consideration tells me to be very careful and glued to my monitor on Monday.