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by Andrew Mickey
Last Saturday, the entire mining industry converged in Vancouver to recognize the most successful projects, analysts and financiers from the last year. After such a great year for the commodities market, you can bet it was going to be a fun affair with everyone involved.
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Stock to watch today - SPNG
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Friday, 15 August 2008
Watch List for Friday 8-15-2008
My new big pick is SPNG.
If you missed any of my previous alerts on SPNG in the past then quickly add SPNG to your watch list right now!!!
SPNG is a momentum stock that means when the volume picks it and it starts to move up, it will move fast.

SPNG has already started to move up a bit this week and it's quickly approaching highs made in the past 6 months.

View the chart here: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?
symb=spng&sid=0&o_symb=spng&freq=1&time=7


There's 2 ways to play SPNG at this point.  You can get in now and ride it up to the breakout point and if it breaks resistance enjoy the profits of the next leg up!!  If SPNG doesn't breakout you sell and may still have a gain from the ride up from this point to the breakout levels.

The second way it to wait for the break out to happen but at that time it may be too late to get involved as it could be moving too fast.

SPNG has a revolutionary car wash sponge with soap built into it and will last numerous washes.  The sponge is also biodegradable!

SPNG expects 4th quarter revenues to approach $3.9 Million.  Start your research by going to http://www.spongetech.com but do it fast as I believe SPNG won't stay at these levels for long!

I will send more information on SPNG tonight.
 

Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.

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Mid Day Update for Friday 8-15-2008


ETLT - News
http://finance.yahoo.com/q?s=ETLT.OB
Eternal Technologies Group, Inc. today reported earnings for the three months and six months ended June 30, 2008.

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PHUN - Volume Alert
http://finance.yahoo.com/q?s=PHUN.OB
PetroHunter Energy Corporation, through its subsidiaries, engages in the exploration and production of oil and gas properties.

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RCCH - Volume Alert
http://finance.yahoo.com/q?s=RCCH.PK
RCC Holdings, Corp. through acquisitions offers consulting, financing and overall business structure in the public and private equity sectors.

Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.

Source : HotOtc
 
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