| ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ OTC ADVISORS LLC Newsletter June Newsletter 6/12/2009 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ | | Greetings! After a three-week rally, is SPNG.OB headed for a pullback? Will next week's trading bring out the bear or does SPNG.OB have the will to continue? There has been no interruption of the week-over-week upward march. Granted, some weeks have been more robust in their gain than others, but for three weeks, SPNG.OB has closed higher and higher.
Historically, on a weekly chart, an upward move lasts three-to-five weeks before a pullback. This is pretty typical of an up trend.
This coming week may surprise me and pull off the improbable, another consecutive week of the upward rally. If so, I can live with that. My job, while trading the week, has been to remain nimble and open to whatever opportunity the market may present. My mentor has often told me, "It does't matter what the market does. The market is always right." The best we can hope for is to recognize opportunity as it unfolds and be prepared to take a position as the market begins to confirm its intentions. To hold fast to an educated speculation that the market chooses to invalidate is no way to make a living.
Good Luck To All Of You! -Brent
DO YOUR HOMEWORK AND ASK QUESTIONS!
(Start with this below) SpongeTech® uses an innovative and patented nonabsorbent " sponge-based" technology that allows us to embed dehydrated active product ingredients right into the sponge "package" but keeps dirt out of the sponge. Other technologies are also utilized. These sponge-based products utilize SpongeTech®'s proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech® Delivery Systems, Inc., formed in 1999, set out to design, develop, and deploy a broad-based series of branded and private label packaging solutions for consumer products and industrial applications. The Company's vision is to offer innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive, patented packaging technology. The focus is on earth friendly products. The company designs, produces and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology. These sponge-based products utilize SpongeTech®'s proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is soaked and applied to a surface with minimal pressure. The Company's current product line is designed for Car Care and Pet Care. However, SpongeTech® is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children. SpongeTech® has formed 5 wholly-owned subsidiaries they are: -
SpongeTech® Auto, Inc. -
SpongeTech® Pets, Inc. -
SpongeTech® Health & Beauty, Inc. -
SpongeTech® Kitchen & Bath, Inc. -
SpongeTech® Medical, Inc. STAY FOCUSED, BE PREPARED AND AS ALWAYS, DO YOUR HOMEWORK!
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