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How We’ve Made a Bunch of Money on SpongeTech Delivery Systems, Inc. (SPNG.OB)
Posted Monday, June 15th, 2009 8:46 PM in DailyRead by InvestorsLive
Tags: , ,

Normally we trade mostly Nasdaq in the chat room but you cannot ignore the ridiculous plays on OTCBB land lately.

Such as MEXP, GWSC, SPNG, VRAL, GMGMQ and so many others..

[Thu Jun 11 14:47:32 EDT 2009] InvestorsLive if u guys are trading SPNG.. should be careful next few days

[Thu Jun 11 14:47:37 EDT 2009] InvestorsLive I smell a big tank comith

[Thu Jun 11 14:47:43 EDT 2009] InvestorsLive this kinda move doesn’t go unnoticed

[Thu Jun 11 14:47:44 EDT 2009] InvestorsLive unreal tho

————-

[Fri Jun 12_09:30:38 EDT 2009] InvestorsLive SPNG I think is plunge day would be amazed if it holds

————-

Here’s how we doubled in the chat

16:52:41 SPNG B 0.082 45000
16:52:01 SPNG B 0.082 3200
16:52:01 SPNG B 0.082 1800

Nailed the bottom!

Some PM’s I got… besides what was said in chat

(Jun 12-14:01) Marvelmeister: that was such a balls out call there
(Jun 12-14:01) Marvelmeister: IL
(Jun 12-14:01) Marvelmeister: ty
(Jun 12-14:01) Marvelmeister: I joined small
(Jun 12-14:02) InvestorsLive: hell ya
(Jun 12-14:02) InvestorsLive: DO NOT FOLLOW ME HA
(Jun 12-14:02) Marvelmeister: get this (and I swear it’s true)- had to leave work for awhile today.  And I shorted 3k at .28 with a  stop at .295
(Jun 12-14:02) Marvelmeister: just took a shot
(Jun 12-14:02) Marvelmeister: after that crack about it going to get hit so hard
(Jun 12-14:02) Marvelmeister: that it wasn’t even funny
(Jun 12-14:02) Marvelmeister: lol
(Jun 12-14:03) Marvelmeister: had a cover open at ..16
(Jun 12-14:03) Marvelmeister: so didn’t get anything close to all of it
(Jun 12-14:03) Marvelmeister: but came back and was like
(Jun 12-14:03) Marvelmeister: WHAT THE HELL>
(Jun 12-14:03) Marvelmeister: ?
(Jun 12-14:03) Marvelmeister: lol
(Jun 12-14:03) Marvelmeister: anyway, just wanted to share that. Not goin gto mention on the board..because I didn’t call it out
(Jun 12-14:03) Marvelmeister: so horrible form
(Jun 12-14:03) Marvelmeister: on my part
(Jun 12-14:03) Marvelmeister: to mention it now
(Jun 12-14:03) Marvelmeister: just ordered
(Jun 12-14:03) Marvelmeister: as I was walking out the door
(Jun 12-14:04) Marvelmeister: for the hell o fit
(Jun 12-14:04) Marvelmeister: lol
(Jun 12-14:04) Marvelmeister: your call though
(Jun 12-14:04) Marvelmeister: was awesome
(Jun 12-14:04) Marvelmeister: that’s how you do a public, balls out call
(Jun 12-14:04) Marvelmeister: kudos!
(Jun 12-14:04) Marvelmeister: and thanks

(Jun 12-14:04) InvestorsLive: HAHAHA
(Jun 12-14:05) InvestorsLive: weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
(Jun 12-14:06) Marvelmeister: lol
(Jun 12-14:06) Marvelmeister: ya
(Jun 12-14:07) Marvelmeister: just wanted to share that because I have no business mentioning it on the board. Really hate when guys brag about trades that they never called out
(Jun 12-14:07) Marvelmeister: lol
(Jun 12-14:07) Marvelmeister: but you call stuff out real time
(Jun 12-14:07) InvestorsLive: LOL
(Jun 12-14:07) Marvelmeister: and it makes me money
(Jun 12-14:07) Marvelmeister: so thanks!

(Jun 12-14:07) InvestorsLive: zactly dude

(Jun 12-14:07) Marvelmeister: I’m alll for learning, always happy to learn
(Jun 12-14:07) Marvelmeister: but there’s also a lot to be said
(Jun 12-14:07) Marvelmeister: for top traders
(Jun 12-14:07) Marvelmeister: calling out real time plays
(Jun 12-14:08) Marvelmeister: gives you stuff to choose from
(Jun 12-14:08) Marvelmeister: and work from
(Jun 12-14:09) Marvelmeister: k, catch you later

(Jun 12-14:25) Marvelmeister: I expect top notch stuff from you
(Jun 12-14:25) Marvelmeister: but that was stellar
(Jun 12-14:25) Marvelmeister: lol
(Jun 12-14:25) Marvelmeister: thanks again

——————————

(Jun 12-14:12) madmen: oh man!!!
(Jun 12-14:12) madmen: hope others got in on this
(Jun 12-14:12) madmen: just got filled
(Jun 12-14:12) InvestorsLive: oooooooooooooo bbabbabyy
(Jun 12-14:12) madmen: out at .13.2
(Jun 12-14:12) madmen: quick $800
(Jun 12-14:12) madmen: fingers couldn’t move fast enough
(Jun 12-14:12) madmen: hahaha
(Jun 12-14:13) madmen: only picked up 20,200 shares
(Jun 12-14:13) madmen: lol
(Jun 12-14:13) madmen: from .09
(Jun 12-14:25) InvestorsLive: WEEEEEEEEEEEEEEEEEE
(Jun 12-14:25) InvestorsLive: sweet double bro!
(Jun 12-14:25) madmen: nice!!!!
(Jun 12-14:26) madmen: i’ll have to settle for an easy $800 i guess
(Jun 12-14:26) madmen: lol
(Jun 12-14:26) madmen: JC missin’ it!!!

——————————

(Jun 12-14:16) FRITZ: thanks for SPNG
(Jun 12-14:21) InvestorsLive: weeeeeeeeeeeeeeeeeeeeee

[Fri Jun 12_12:55:15 EDT 2009] BigD un-tech-spong…

[Fri Jun 12_12:55:26 EDT 2009] BigD sponge

[Fri Jun 12_12:55:39 EDT 2009] usainbolt HIG 12.90

[Fri Jun 12_12:56:04 EDT 2009] InvestorsLive lol BigD

[Fri Jun 12_12:56:20 EDT 2009] Muddy AGEN 6% green

[Fri Jun 12_12:56:49 EDT 2009] BigD well,… who’s up for catching a falling knife?

[Fri Jun 12_12:57:02 EDT 2009] InvestorsLive lol

[Fri Jun 12_12:57:47 EDT 2009] InvestorsLive People are going to need sponges for a lot more than their cars if it tanks here BigD….

[Fri Jun 12_12:58:01 EDT 2009] InvestorsLive might actually improve their business… more sponges sold to whipe up all tears

[Fri Jun 12_12:58:42 EDT 2009] BigD I’ll …. Soak it up…at .05

[Fri Jun 12_12:59:22 EDT 2009] InvestorsLive shew 3mil they ate

[Fri Jun 12_13:00:10 EDT 2009] InvestorsLive wow

[Fri Jun 12_13:00:15 EDT 2009] InvestorsLive look at the offers stack on SPNG

[Fri Jun 12_13:00:20 EDT 2009] InvestorsLive I love watching this stuff

[Fri Jun 12_13:10:31 EDT 2009] BigD can you short SPNG?

[Fri Jun 12_13:11:01 EDT 2009] krsone SPNG red

[Fri Jun 12_13:11:24 EDT 2009] vandykeforbes SPPI banging door again on 52’s

[Fri Jun 12_13:11:32 EDT 2009] Soldier4Christ SPNG going splat like someone mentioned earlier

[Fri Jun 12_13:11:53 EDT 2009] zelda AGEN looks like it’s heading to 2.50

[Fri Jun 12_13:14:07 EDT 2009] BigD I think they (SPNG) needs a comercial about now

[Fri Jun 12_13:14:11 EDT 2009] InvestorsLive lol

[Fri Jun 12_13:47:08 EDT 2009] Reaper SPNG amazing .115 more lods

[Fri Jun 12_13:47:56 EDT 2009] krsone I covered my SPNG and tried to get back in and it was tanking so fast IB wouldn’t fill a market or a limit order

[Fri Jun 12_13:48:41 EDT 2009] dogfooddog must have had 20-30M shares bot on bounce attempt .1911 all needing to get out then

[Fri Jun 12_13:48:56 EDT 2009] InvestorsLive OMG

[Fri Jun 12_13:49:00 EDT 2009] InvestorsLive everyones going market right now

[Fri Jun 12_13:49:06 EDT 2009] InvestorsLive will be a good bounce soon

[Fri Jun 12_13:50:42 EDT 2009] realbigdeals Any guess on the bottom of SPNG?

[Fri Jun 12_13:50:44 EDT 2009] dogfooddog took chance on spng and bot partial here

[Fri Jun 12_13:51:00 EDT 2009] ultimachi I won’t buy anything above .05 lol

[Fri Jun 12_13:51:04 EDT 2009] InvestorsLive dont guess guys.. stick to what you have an edge at

[Fri Jun 12_13:51:21 EDT 2009] realbigdeals Not buying, just curious

[Fri Jun 12_13:51:26 EDT 2009] InvestorsLive going to be crazy bounce tho

[Fri Jun 12_13:51:33 EDT 2009] dogfooddog yeah this was small, and under assumptoipn max loss is 9 cents

[Fri Jun 12_13:52:18 EDT 2009] InvestorsLive altho i did just buy 5k ha

[Fri Jun 12_13:52:20 EDT 2009] InvestorsLive dont follow me ha

[Fri Jun 12_13:52:24 EDT 2009] Butters i’ll buy SPNG at 0.0001

[Fri Jun 12_13:52:28 EDT 2009] WISEGUY starting to look better here .08

[Fri Jun 12_13:52:59 EDT 2009] WISEGUY tigth stop

[Fri Jun 12_13:53:07 EDT 2009] InvestorsLive this is so ridiculously liquid

[Fri Jun 12_13:53:27 EDT 2009] wascold Look at the minute chart on RST- almost exact opposite of SPNG

[Fri Jun 12_13:53:37 EDT 2009] InvestorsLive have 10k at 082 avg DO NOT FOLLOW ME

[Fri Jun 12_13:53:42 EDT 2009] InvestorsLive willing to lose it all

[Fri Jun 12_13:59:27 EDT 2009] InvestorsLive talk about NAILING the bottom

[Fri Jun 12_13:59:27 EDT 2009] InvestorsLive lol

[Fri Jun 12_14:00:37 EDT 2009] realbigdeals SPNG up .02 off the bottom

[Fri Jun 12_14:00:42 EDT 2009] InvestorsLive :)

[Fri Jun 12_14:01:08 EDT 2009] InvestorsLive_16:52:41 SPNG B 0.082 45000_16:52:01 SPNG B 0.082 3200_16:52:01 SPNG B 0.082 1800

[Fri Jun 12_14:01:17 EDT 2009] InvestorsLive go baby go ha

[Fri Jun 12_14:01:29 EDT 2009] Butters SPNG nice

[Fri Jun 12_14:01:51 EDT 2009] ultimachi %%%%, none of my orders couldn’t go through, tried at.085, .09 .10….I missed it

[Fri Jun 12_14:02:01 EDT 2009] InvestorsLive yea man u can’t chase all routes are locked

[Fri Jun 12_14:02:02 EDT 2009] InvestorsLive this is sick

[Fri Jun 12_14:02:22 EDT 2009] ultimachi lol insane

[Fri Jun 12_14:02:26 EDT 2009] BigD i can’t get it!

[Fri Jun 12_14:02:33 EDT 2009] InvestorsLive dont chase it guys

[Fri Jun 12_14:02:39 EDT 2009] InvestorsLive prob goes to .15

[Fri Jun 12_14:02:39 EDT 2009] Butters all the green prints!!!!

[Fri Jun 12_14:02:40 EDT 2009] InvestorsLive but not worth it

[Fri Jun 12_14:02:43 EDT 2009] nbarbari man how di du do that

[Fri Jun 12_14:02:58 EDT 2009] pjt6970 i missed it too

[Fri Jun 12_14:03:07 EDT 2009] Gman83 SPNG hit 20ma on daily

[Fri Jun 12_14:03:12 EDT 2009] pjt6970 TDA blows on these

[Fri Jun 12_14:03:12 EDT 2009] Gman83 ..that’s how

[Fri Jun 12_14:03:34 EDT 2009] InvestorsLive no u can’t chase, all routes will be locked if you wait for it to bounce

[Fri Jun 12_14:03:38 EDT 2009] InvestorsLive that’s why.. no broker would fill you

[Fri Jun 12_14:05:06 EDT 2009] WISEGUY Couldnt fill spng either

[Fri Jun 12_14:05:09 EDT 2009] InvestorsLive oh babyyyyyyyyyyyyyy

[Fri Jun 12_14:05:12 EDT 2009] WISEGUY SPNG *

[Fri Jun 12_14:05:30 EDT 2009] Butters going to 30 cents $$$$$$$$ lolzzz

[Fri Jun 12_14:05:48 EDT 2009] WISEGUY talk about catching the bottom IL

[Fri Jun 12_14:05:54 EDT 2009] InvestorsLive sold some .1198

[Fri Jun 12_14:05:58 EDT 2009] nbarbari .12 comoing on SPNG

[Fri Jun 12_14:06:28 EDT 2009] Derffie IPCS nice plunge

[Fri Jun 12_14:06:45 EDT 2009] InvestorsLive .1199 rather

[Fri Jun 12_14:06:47 EDT 2009] sarathb1 0.12

[Fri Jun 12_14:06:48 EDT 2009] InvestorsLive UBSS didnt fill

[Fri Jun 12_14:06:50 EDT 2009] InvestorsLive had to go thru NITE

[Fri Jun 12_14:11:24 EDT 2009] InvestorsLive ba bing

[Fri Jun 12_14:12:49 EDT 2009] InvestorsLive (Jun 12-14:02) InvestorsLive: prob goes to .15

[Fri Jun 12_14:12:51 EDT 2009] InvestorsLive almost there

[Fri Jun 12_14:13:36 EDT 2009] BigD itried,….11,….12….13…14…no way!

[Fri Jun 12_14:13:43 EDT 2009] InvestorsLive selling more .1439

[Fri Jun 12_14:13:43 EDT 2009] tarheeljeff Same here BigD!

[Fri Jun 12_14:13:46 EDT 2009] Butters SPNG, should have bought a million shares lol

[Fri Jun 12_14:13:57 EDT 2009] InvestorsLive outted more there

[Fri Jun 12_14:14:08 EDT 2009] BigD i was out in front by plenty…no way

[Fri Jun 12_14:14:12 EDT 2009] madmen out of SPNG from .09, quick $800

[Fri Jun 12_14:14:18 EDT 2009] meaniebee 0.15 SPNG

[Fri Jun 12_14:14:25 EDT 2009] meaniebee opps .

[Fri Jun 12_14:14:35 EDT 2009] dogfooddog I am not patient enough, did not like how .1911 ‘bounce’ felt

[Fri Jun 12_14:14:47 EDT 2009] InvestorsLive I lied on size so you guys didn’t judge based on my size haha

[Fri Jun 12_14:14:54 EDT 2009] InvestorsLive 5k = 50k ;)

[Fri Jun 12_14:14:55 EDT 2009] InvestorsLive haha

[Fri Jun 12_14:15:12 EDT 2009] tarheeljeff at 15, going higher?

[Fri Jun 12_14:15:26 EDT 2009] InvestorsLive prob .18

[Fri Jun 12_14:15:27 EDT 2009] BigD i think maybe goes to .23

[Fri Jun 12_14:15:32 EDT 2009] InvestorsLive but I wont last

[Fri Jun 12_14:15:45 EDT 2009] nbarbari omg, thats crazy

[Fri Jun 12_14:15:50 EDT 2009] Gman83 i say .16

[Fri Jun 12_14:15:55 EDT 2009] yadayada 8″ =4″ ha. Lots of guys lie about their size

[Fri Jun 12_14:16:07 EDT 2009] BigD too many people know about a fall like that

[Fri Jun 12_14:16:20 EDT 2009] WISEGUY I couldnt fill ::angry

[Fri Jun 12_14:17:05 EDT 2009] InvestorsLive One thing is for sure… sell when its still bouncing guys

[Fri Jun 12_14:17:10 EDT 2009] InvestorsLive just like u weren’t able to fill on way up..

[Fri Jun 12_14:17:16 EDT 2009] InvestorsLive you wont be able to on way down

[Fri Jun 12_14:17:23 EDT 2009] BigD sponge…is the new black

[Fri Jun 12_14:17:52 EDT 2009] ultimachi IL you still in? %%%%….if I’d got my .085 fill…..

[Fri Jun 12_14:17:57 EDT 2009] tortexal nice on CAR Muddy

[Fri Jun 12_14:17:59 EDT 2009] InvestorsLive selling the rest here

[Fri Jun 12_14:18:24 EDT 2009] InvestorsLive all out .1598, keeping 5k for the road

[Fri Jun 12_14:18:39 EDT 2009] Alig8tr great jib IL…

[Fri Jun 12_14:18:57 EDT 2009] InvestorsLive I think it goes .16-.18 but I don’t care

[Fri Jun 12_14:19:01 EDT 2009] InvestorsLive Double in 30 minutes

[Fri Jun 12_14:19:03 EDT 2009] ultimachi insane IL

[Fri Jun 12_14:19:04 EDT 2009] InvestorsLive I’ll take it ha

[Fri Jun 12_14:19:44 EDT 2009] meaniebee nice IL ..

[Fri Jun 12_14:19:51 EDT 2009] InvestorsLive did we get dead top too?

[Fri Jun 12_14:19:52 EDT 2009] Marvelmeister thanks, IL. Awesome real time alert there

[Fri Jun 12_14:20:45 EDT 2009] meaniebee not sure . but dont really care

[Fri Jun 12_14:20:53 EDT 2009] InvestorsLive comon back to .10 cents!

[Fri Jun 12_14:20:55 EDT 2009] Gman83 no man 16 is gonna b the top

[Fri Jun 12_14:19:08 EDT 2009] meaniebee i am all out too ..

Round 2

Monday June 15th

[Mon Jun 15_10:15:45 EDT 2009] Muddy SPNG .11

[Mon Jun 15_10:17:11 EDT 2009] InvestorsLive big vol on SPNG

[Mon Jun 15_10:17:41 EDT 2009] InvestorsLive grabbed a few

[Mon Jun 15_10:19:22 EDT 2009] InvestorsLive bust route on SPNG is ARCA

[Mon Jun 15_10:19:30 EDT 2009] InvestorsLive rather instant fill there at bottom

[Mon Jun 15_10:19:37 EDT 2009] InvestorsLive SBSH as well if AUTO is on bid/ask

[Mon Jun 15_10:22:15 EDT 2009] InvestorsLive can we get 2 doubles in a row on SPNG?

[Mon Jun 15_10:22:21 EDT 2009] InvestorsLive just kidding this aint going back to .22 haha

[Mon Jun 15_10:22:27 EDT 2009] InvestorsLive one is sufficient

[Mon Jun 15_10:23:13 EDT 2009] mindstatements SPNG .13

[Mon Jun 15_10:23:13 EDT 2009] maniac ah crap only got filled 1/3 on SPNG

[Mon Jun 15_10:23:23 EDT 2009] InvestorsLive wooot

[Mon Jun 15_10:23:33 EDT 2009] InvestorsLive we killing SPNG and its not even our niche ha

[Mon Jun 15_10:23:50 EDT 2009] nbarbari lol

[Mon Jun 15_10:24:08 EDT 2009] Muddy nice on SPNG

[Mon Jun 15_10:27:04 EDT 2009] InvestorsLive SPNG !!!

[Mon Jun 15_10:31:58 EDT 2009] InvestorsLive locked in 1/2 SPNG .146 +.032

[Mon Jun 15_10:32:06 EDT 2009] InvestorsLive way to go if anyone followed

[Mon Jun 15_10:32:10 EDT 2009] InvestorsLive killer

[Mon Jun 15_10:32:16 EDT 2009] domino congrats IL

[Mon Jun 15_10:32:20 EDT 2009] InvestorsLive may let rest test green

[Mon Jun 15_10:32:23 EDT 2009] nbarbari wow nice play on SPNG

[Mon Jun 15_10:32:27 EDT 2009] nbarbari again

[Mon Jun 15_10:34:15 EDT 2009] nbarbari SPNG may just go green soon, wow

[Mon Jun 15_10:34:35 EDT 2009] InvestorsLive reason SPNG bounces so well is b/c they have so many believers and share holders and most probably averaged down to list level and don’t want to sell at a loss

[Mon Jun 15_10:34:46 EDT 2009] InvestorsLive so the only sellers are us guys who got a .111x average

[Mon Jun 15_10:37:36 EDT 2009] InvestorsLive selling rest of SPNG

[Mon Jun 15_10:45:13 EDT 2009] mindstatements loving some SPNG what a call IL

[Mon Jun 15_10:45:36 EDT 2009] Muddy yes great call on SPNG

[Mon Jun 15_10:48:52 EDT 2009] Soldier4Christ SPNG red/green cross

Love this comment:

[Mon Jun 15_12:42:23 EDT 2009] coll76 1st day on site what a day with DSCO and SPNG





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