you bought more?
i'm staying until it's $5.50 unless something drastic happens that's really bad.
$5.50 baby!
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Stock Market Thread - ALL COMBINED
- Thread starter vinnie
- Start date
you bought more?
i'm staying until it's $5.50 unless something drastic happens that's really bad.
You guys ever look at tobacco stocks? I'm not touting them by any means but I have mentioned PM before. Up 17.9% over the last 3 months. I am long term and take the good with the bad. JMO.
In stores, there have been a few sightings, someone even took a picture of the package, and their receipt... LOL! I will try and find post... (Small time retailer on east coast if memory serves me.) Some have received directly from Spongetech themselves:
http://www.youtube.com/watch?v=hKsQoaIBlWs
Why she made that video, is beyond me! :shrug:
dogface
But I have not heard of any larger retailers carrying the Spongebob sponges... it would have been nice to go with it though!! Missed opportunity IMO! :sadwave: Maybe something happens this weekend in a coordinated effort, I haven't seen anything mentioned though!!
http://www.youtube.com/watch?v=hKsQoaIBlWs
Why she made that video, is beyond me! :shrug:
dogface
But I have not heard of any larger retailers carrying the Spongebob sponges... it would have been nice to go with it though!! Missed opportunity IMO! :sadwave: Maybe something happens this weekend in a coordinated effort, I haven't seen anything mentioned though!!
I have not, more lower priced bigger bang for me as of late. Of course, that big bang could big a huge smackdown as well!!!:scared
dogface
I've been reading all the posts and see what what you guys are doing and good luck. I just don't have the time right now to do that. Would like to try it though.
I'm just long term with dividends right now.
Spongebob in an Ace HArdware store supposedly in NY:
http://www.freewebs.com/moneymakerweb/wwwwww.jpg
http://www.cashengine2009.com/ (This link just shows were the pics are at... Nesconset, NY) Wherever the hack that is!
Terrible pics IMO, but the product is starting to get out there.
dogface
http://www.freewebs.com/moneymakerweb/wwwwww.jpg
http://www.cashengine2009.com/ (This link just shows were the pics are at... Nesconset, NY) Wherever the hack that is!
Terrible pics IMO, but the product is starting to get out there.
dogface
any opinion what the market does from here? the last time it reached this level it took a 10% or so dump. i'd rather avoid the sell off this time.
or, does it fly from here?
these company's are beating estimates but the estimates are lowball? and revenues are way down. wtf is going on?
they trying to steal our money?
pump everything up and then short the hell out of it. seems like a crooked market if you ask me.
or, does it fly from here?
these company's are beating estimates but the estimates are lowball? and revenues are way down. wtf is going on?
they trying to steal our money?
pump everything up and then short the hell out of it. seems like a crooked market if you ask me.
I was out most of yesterday, looks like SPNG had a good day. Most likely fueled by this:
SpongeTech(R) Delivery Systems, Inc. CEO and COO Purchase Company's Stock
9:30a ET July 20, 2009 (Business Wire)
SpongeTech(R) Delivery Systems, Inc., The Smarter Sponge(TM), (OTCBB: SPNG) is pleased to announce that its Chief Executive Officer, Chief Operating Officer and Board Members have been purchasing SpongeTech(R)'s common shares in the open market. Together the team has purchased approximately 18.2 million (eighteen million two hundred thousand) shares of the 722.86 millions shares issued and outstanding as reported in the Company's 3rd Quarter 2009 filing. The purchasing of the Company's stock in the open market reflects the management's confidence in the Company's long-term prospects.
The Company announced last month that it expects fiscal 2009 gross revenues of approximately $50 million with record profitability of approximately $10 million pre-tax. "This fiscal year was a great year for the Company and our shareholders," stated CEO Michael Metter. "Based on the investment opportunity, our operating conditions and our confidence in the long term success of SpongeTech(R), we have purchased these shares in the open market. I believe our stock is very much undervalued and we will continue to buy stock in the open market from time to time and continue to enhance shareholder value." The Fiscal Year 2009 and the 4th Quarter numbers are expected to be released in its Annual Report on Form 10-K at the end of August 2009.
"I am very excited about the Company's prospects for fiscal 2010," added Steven Moskowitz, COO of SpongeTech(R). "We believe that our shares represent an attractive investment especially at its current market value. We are very confident with the continued strong demand for our product lines, along with our future anticipated sales growth and market penetration across the world."
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com
I will be probably buying more today! I will keep posted, want to see what happens this morning right away. Lookin for a dip to start... and then if buying hope it doesn't dip later!
dogface
SpongeTech(R) Delivery Systems, Inc. CEO and COO Purchase Company's Stock
9:30a ET July 20, 2009 (Business Wire)
SpongeTech(R) Delivery Systems, Inc., The Smarter Sponge(TM), (OTCBB: SPNG) is pleased to announce that its Chief Executive Officer, Chief Operating Officer and Board Members have been purchasing SpongeTech(R)'s common shares in the open market. Together the team has purchased approximately 18.2 million (eighteen million two hundred thousand) shares of the 722.86 millions shares issued and outstanding as reported in the Company's 3rd Quarter 2009 filing. The purchasing of the Company's stock in the open market reflects the management's confidence in the Company's long-term prospects.
The Company announced last month that it expects fiscal 2009 gross revenues of approximately $50 million with record profitability of approximately $10 million pre-tax. "This fiscal year was a great year for the Company and our shareholders," stated CEO Michael Metter. "Based on the investment opportunity, our operating conditions and our confidence in the long term success of SpongeTech(R), we have purchased these shares in the open market. I believe our stock is very much undervalued and we will continue to buy stock in the open market from time to time and continue to enhance shareholder value." The Fiscal Year 2009 and the 4th Quarter numbers are expected to be released in its Annual Report on Form 10-K at the end of August 2009.
"I am very excited about the Company's prospects for fiscal 2010," added Steven Moskowitz, COO of SpongeTech(R). "We believe that our shares represent an attractive investment especially at its current market value. We are very confident with the continued strong demand for our product lines, along with our future anticipated sales growth and market penetration across the world."
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com
I will be probably buying more today! I will keep posted, want to see what happens this morning right away. Lookin for a dip to start... and then if buying hope it doesn't dip later!
dogface
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
I don't see anything in our current situation that makes me think it will go up much from here.
If we didn't have the previous 13K mark, I don't think anyone would be thinking like that.
I just don't see any real life indicators that says our economy is structurally recovering.
My guess is that we go down from here. If I had to put a number on it, I think we will see below 7500 again.
sold CAT at $40.50 for $4200 profit
buy back low 30's if it goes back down there.
NICE BOSS ! :00hour
sold CAT at $40.50 for $4200 profit
buy back low 30's if it goes back down there.
Very nice!
I have to hold off on the SPNG purchase, must have escaped me that I just added funds to the account, and because of it being a non-marginable trade, I must wait 3-days from the date of transfer. Oh well... we'll see where it is at that point.
GL!
dogface
Don't see how you can go wrong taking profit Jack
Per above -I don't understand whats going on either--CAT 2nd Quarter profits down 66% and "good news".
Still have companies making decent profit but as you said on falling revenues--only explaination they have cut back on spending.
SPNG NEWS...
SpongeTech(R) Delivery Systems, Inc. Authorizes Increase in Stock Buyback Program to 150 Million Shares
9:30a ET July 22, 2009 (Business Wire)
SpongeTech(R) Delivery Systems, Inc., The Smarter Sponge(TM), (OTCBB: SPNG), today announced that its Board of Directors has authorized an increase in its stock repurchase program from 100 million to a maximum of 150 million common shares. As reported in the Company's 3rd Quarter 2009 filing for the period ended February 28, 2009, the Company repurchased 55,824,336 shares of common stock at an average price per share of $0.0308 under its original repurchase program of up to 100 million shares of stock. The repurchase program authorizes management and its affiliates, at its discretion, to repurchase shares from time to time, in the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements, and subject to market conditions and other factors.
Repurchased stock would be returned to SpongeTech(R)'s Treasury; reducing the number of outstanding shares of the Company stock, thereby decreasing the Company's overall market cap and reducing the trading float. Management and the Board of Directors feel strongly about the Company and its growth prospects, and believe that an increase in the Company's repurchase program is justified and prudent in its development as well as enhancing shareholder value.
SpongeTech(R)'s CEO, Michael Metter stated, "Based on our sell-through rates across our product lines and the success of out marketing campaign, we are anticipating strong growth within the Company this fiscal year. Even at current market price, we feel the stock is very much undervalued and we are committed to support and maintain the fundamental value of our Company's stock."
"Today's action demonstrates the Management and Board of Directors strong confidence in the long term strength of the Company's cash flow generation as we intend to continue reducing our share structure. We remain focused and committed to building SpongeTech(R) into a globally recognized Company, therefore enhancing shareholder value," added SpongeTech(R)'s COO, Steven Moskowitz.
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(R) Delivery Systems, Inc.
Now I am by no means an expert in this area, was in the business side almost 20 years ago... but I think this thing truly has the potential to be HUGE!! Feel free to shoot holes in the thought process etc., but the company is growing fast, incredibly fast. Has a product line that will be co-branded with other "well known" cleaners in their sponge technology sponges, and they verify these are their products that are not considered their true money makers.
This company could be bought out, etc., I just see share holder value continuing to rise and rise. Maybe I should have my excitement tempered a bit... but this thing could just darn well blow up and be a huge portion of my next egg! Ok, I will get down off my box, but feel free to shoot down anything that I have said, or from what you may have read...
dogface
SpongeTech(R) Delivery Systems, Inc. Authorizes Increase in Stock Buyback Program to 150 Million Shares
9:30a ET July 22, 2009 (Business Wire)
SpongeTech(R) Delivery Systems, Inc., The Smarter Sponge(TM), (OTCBB: SPNG), today announced that its Board of Directors has authorized an increase in its stock repurchase program from 100 million to a maximum of 150 million common shares. As reported in the Company's 3rd Quarter 2009 filing for the period ended February 28, 2009, the Company repurchased 55,824,336 shares of common stock at an average price per share of $0.0308 under its original repurchase program of up to 100 million shares of stock. The repurchase program authorizes management and its affiliates, at its discretion, to repurchase shares from time to time, in the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements, and subject to market conditions and other factors.
Repurchased stock would be returned to SpongeTech(R)'s Treasury; reducing the number of outstanding shares of the Company stock, thereby decreasing the Company's overall market cap and reducing the trading float. Management and the Board of Directors feel strongly about the Company and its growth prospects, and believe that an increase in the Company's repurchase program is justified and prudent in its development as well as enhancing shareholder value.
SpongeTech(R)'s CEO, Michael Metter stated, "Based on our sell-through rates across our product lines and the success of out marketing campaign, we are anticipating strong growth within the Company this fiscal year. Even at current market price, we feel the stock is very much undervalued and we are committed to support and maintain the fundamental value of our Company's stock."
"Today's action demonstrates the Management and Board of Directors strong confidence in the long term strength of the Company's cash flow generation as we intend to continue reducing our share structure. We remain focused and committed to building SpongeTech(R) into a globally recognized Company, therefore enhancing shareholder value," added SpongeTech(R)'s COO, Steven Moskowitz.
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(R) Delivery Systems, Inc.
Now I am by no means an expert in this area, was in the business side almost 20 years ago... but I think this thing truly has the potential to be HUGE!! Feel free to shoot holes in the thought process etc., but the company is growing fast, incredibly fast. Has a product line that will be co-branded with other "well known" cleaners in their sponge technology sponges, and they verify these are their products that are not considered their true money makers.
This company could be bought out, etc., I just see share holder value continuing to rise and rise. Maybe I should have my excitement tempered a bit... but this thing could just darn well blow up and be a huge portion of my next egg! Ok, I will get down off my box, but feel free to shoot down anything that I have said, or from what you may have read...
dogface
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to debt restructuring, and said it was on track to at least break even in 2011, sending its shares up more than 7 percent.
Ford posted an operating loss for the quarter that was better than analysts expected, excluding a net gain of $2.8 billion from one-time items that included the debt reduction actions, despite reeling global markets that helped push U.S. rivals General Motors and Chrysler into bankruptcy.
The automaker said it expects the U.S. economy to begin to recover in the second half of this year.
Ford posted a net profit of 69 cents per share for the second quarter, versus a net loss of $2.7 billion, or $3.89 per share, a year earlier.
The loss from continuing operations and excluding one-time items was $638 million, or 21 cents per share. Analysts on average had expected a loss of 50 cents per share on that basis, according to Reuters Estimates.
Revenue fell to $27.2 billion in the quarter, from $38.2 billion a year earlier. Analysts had expected $23.39 billion.
Ford said it burned through $1 billion in cash in its auto business in the second quarter, an easing from the first quarter's $3.7 billion outflow. The company had expected the rate to decline as the year progressed.
The automaker said it expects cash flow to improve from the first half of the year and will continue to pursue actions to improve its balance sheet.
Ford cut its automotive debt by about $10 billion by completing a series of transactions in early April and raised $1.6 billion through a public stock offering in May, using proceeds to support funding for a U.S. union retiree healthcare trust.
Ford executives have said the automaker has sufficient liquidity to complete a turnaround plan, leaving investors focused on cash preservation and debt reduction.
The automotive business ended June with $21.0 billion in cash, compared with $21.3 billion at the end of March. The debt burden for the automotive business stood at $26.1 billion at the end of June, down from $32.1 billion at the end of March.
Ford shares rose 7.4 percent in premarket trade to $6.85 on Thursday from $6.38 at Wednesday's close on the New York Stock Exchange.
Ford posted an operating loss for the quarter that was better than analysts expected, excluding a net gain of $2.8 billion from one-time items that included the debt reduction actions, despite reeling global markets that helped push U.S. rivals General Motors and Chrysler into bankruptcy.
The automaker said it expects the U.S. economy to begin to recover in the second half of this year.
Ford posted a net profit of 69 cents per share for the second quarter, versus a net loss of $2.7 billion, or $3.89 per share, a year earlier.
The loss from continuing operations and excluding one-time items was $638 million, or 21 cents per share. Analysts on average had expected a loss of 50 cents per share on that basis, according to Reuters Estimates.
Revenue fell to $27.2 billion in the quarter, from $38.2 billion a year earlier. Analysts had expected $23.39 billion.
Ford said it burned through $1 billion in cash in its auto business in the second quarter, an easing from the first quarter's $3.7 billion outflow. The company had expected the rate to decline as the year progressed.
The automaker said it expects cash flow to improve from the first half of the year and will continue to pursue actions to improve its balance sheet.
Ford cut its automotive debt by about $10 billion by completing a series of transactions in early April and raised $1.6 billion through a public stock offering in May, using proceeds to support funding for a U.S. union retiree healthcare trust.
Ford executives have said the automaker has sufficient liquidity to complete a turnaround plan, leaving investors focused on cash preservation and debt reduction.
The automotive business ended June with $21.0 billion in cash, compared with $21.3 billion at the end of March. The debt burden for the automotive business stood at $26.1 billion at the end of June, down from $32.1 billion at the end of March.
Ford shares rose 7.4 percent in premarket trade to $6.85 on Thursday from $6.38 at Wednesday's close on the New York Stock Exchange.
I would Sell (F) Ford. And buy back in at 5.50 level.
This market is acting nice. But we still have problems hanging around. So it,s going to keep having corrections. BUT I do believe the drops will become smaller.
Jack, nice on CAT.
This market is acting nice. But we still have problems hanging around. So it,s going to keep having corrections. BUT I do believe the drops will become smaller.
Jack, nice on CAT.
