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Penny Stock DD

SPNG – Spongetech

July 25, 2009

This one has been getting a lot of attention, mostly due to the huge run it had from the sub pennys and the constant stream of adds you see on TV.

Our opinion here is to be cautiously bullish, the stock may be getting diluted, but the momentum to the upside is here. Using 10c as a stop loss level, we can see some possible gains if it holds this level.

We will have more info in our newsletter soon, be sure to visit later next week and subscribe.

Regards,

Don

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