The next thing to hit the market since Brillo and S.O.S took over your kitchen sink! SpongeTech Delivery Systems has a product for your car, which with it's patented technology, has the soap+wax already inside the sponge! Not only have they began shipping somewhat large orders, the big orders and contracts are yet to come! South America has already ordered into the fiscal year 2009, but SPNG is already in the process of shipping out the orders immediately, demand is high right now, and the accumulation bar is rising, with only 40,000,000 shares left in the float this stock is poised to hit a home run! Literally! It has been steadily climbing for the last 3 months, to breakout above the strong 5 cent mark! I know what you are thinking , this guy is talking about a penny stock, so what, many companies in the consumer industry with products already in the market take years to see any kind of sales. SpongeTech is already seeing backlogs in excess of 27,000,000 USD , and another 27,000,000 USD scheduled for 2009! On the way up there is many obstacles, for instance the investors who want to take profits. Yes they are everywhere, there is always that someone who got in a little earlier than you, and wants to sell and take home the bacon. Nothing is wrong with that, that is exactly what the stock is now trading on, since there is so much demand for shares, the correction of a price surge is inevitable. Hence the high volume...similar picks I had in the past were PTSC and SUWN. Both companies began their 10% 3-day moves very steadily, until demand was so high for shares, they exploded from micro-cap penny stocks to over $1.00/share in less than 3 weeks. SPNG has the ultimate potential to do the same.
$0.053 (06/07/08)
