Stock Market Thread - ALL COMBINED
- Thread starter vinnie
- Start date
I got hammered 2 weeks ago on oil...
I got hammered 2 weeks ago on oil...
since then not bad since I started shorting. The DOW looks like it has completed a head and shoulders reversal. Generally that is a precursor to bearish things ahead. Be careful with bullish positions,(7500-7600) could be a possible tgt before we see next major run up.
Obviously, we never know for sure, but just my two cents.
I got hammered 2 weeks ago on oil...
since then not bad since I started shorting. The DOW looks like it has completed a head and shoulders reversal. Generally that is a precursor to bearish things ahead. Be careful with bullish positions,(7500-7600) could be a possible tgt before we see next major run up.
Obviously, we never know for sure, but just my two cents.
MAYBE OUR BUDDY SPONGE WILL TELL US WHERE WE CAN SIGN UP FOR FREE CHEESE :shrug:
sold some WDC (nice profit) in IRA and bought GE (big loser) back in that acct where i should have bought it in the 1st place.
i don't care for cheese too much so hope i don't need it. :shrug:
you'd think GE would be great long term investment... as long as Obama does not sell the NYSE to Russia 
he was here for that one because he's the one who posted about the reverse.
:sadwave:
you back home or did you take your LT?
just returned home from vacation. need to get back to trading to pay for the third mortgage i picked up with all the hotels on the Oregon and Washington coast..:mj07:
I'm not sure where market is headed next. Lots of churning of late.
And who sez you can't time it? I posted chart in these market threads arguing for a nice rebound due--just 6 days before this bear market rally started. And I posted charts on April 28 suggesting a pullback. Dow has now pulled back to April 29th, or so, levels.
on overall outlook, David Rosenberg recently gave again his clear and straight forward analysis points (via ritholtz blog):
? Green Shoots was unsubstantiated nonsense;
? Unemployment Rate will rise considerably higher; this will be the ?mother of all jobless recoveries.?
? The rise from the 666 lows was the mother of all oversold bounces due to multiple expansion, not profit gains;
? The S&P5009 is likely to have earnings of a modest $50 over the next 4 quarters;
? Unemployment is usually a lagging indicator when we are dealing with an inventory or manufacturing recession; During a credit crisis recession, Unemployment is a coincident indicator cycling back into the economy in a negative way;
? We are going through a massive consumer deleveraging
? The Consumer is not going to save the economy anytime soon.
this might be very good :shrug:
SpongeTech(R) Delivery Systems, Inc. Announces Acquisition of Dicon Technologies
Last update: 7/9/2009 3:00:01 PM
SpongeTech(R) Acquires R&D Company Dicon Technologies
NEW YORK, Jul 09, 2009 (BUSINESS WIRE) -- SpongeTech(R) Delivery Systems, Inc., America's Cleaning Company(TM), (SPNG) is pleased to announce that the Company has acquired Dicon Technologies ("Dicon"), a company that specializes in research and development of products derived from hydrophilic urethane chemistry. The Board of Directors of SpongeTech(R) and Dicon have approved and completed the transaction. SpongeTech(R) acquired Dicon for $4.45 million in cash only. The Company has immediately picked up approximately $10 million in revenues and approximately $1.5 million in pre-tax earning from the acquisition. Dicon currently sells various products including private label brands for multiple industries through established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart and Wal-mart as well as direct sales to large commercial clients; all of which SpongeTech(R) intends to immediately utilize. In addition to the U.S. distribution, Dicon currently has distribution in Asia.
"Due to the overwhelming increase in sales and demand for our products, we felt the best interest for the Company was to acquire Dicon," said SpongeTech(R)'s CEO, Michael Metter. "The acquisition of Dicon benefits SpongeTech(R) along multiple parallels. With this acquisition, SpongeTech(R) will obtain the technology that we have had exclusive rights to utilize in the manufacturing of our products and enable a more efficient and expeditious R&D process for the expanding of our product lines. In addition, SpongeTech(R) will acquire all current and future products within Dicon's portfolio."
"We are energized at the potential unleashed by the union of our two companies," commented SpongeTech(R)'s COO, Steven Moskowitz. "The growth of the Company has given us the ability to acquire Dicon without dilution. We believe that this acquisition places SpongeTech(R) in an excellent position to maximize the value of our Company and its future."
Established in 1975, Dicon Technologies has been researching, developing and producing some of the most innovative and successful products for multiple industries including agriculture, cosmetic, household and medical. Today, Dicon is recognized as an innovator in product development, setting new standards and creating products with far-reaching implications throughout these industries. Headquartered in Black Creek, Georgia, Dicon operates a new, state-of-the-art 30,000 sq. ft. research and manufacturing facility where over 65 researchers, product development and manufacturing personnel work on multiple, current, and future products.
Dicon's President, Wayne Celia, comments, "We have always strived to create products that are not only technologically advanced but provide the end user benefits unforeseen in previous products in the marketplace. Teaming up with SpongeTech(R) is the perfect solution to providing a strong portfolio of innovative products that management believes will blow the marketplace out of the water."
Details to the acquisition of Dicon Technologies will be in the Company's Form 8-K filing at .
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: .
SpongeTech(R) Delivery Systems, Inc. Announces Acquisition of Dicon Technologies
Last update: 7/9/2009 3:00:01 PM
SpongeTech(R) Acquires R&D Company Dicon Technologies
NEW YORK, Jul 09, 2009 (BUSINESS WIRE) -- SpongeTech(R) Delivery Systems, Inc., America's Cleaning Company(TM), (SPNG) is pleased to announce that the Company has acquired Dicon Technologies ("Dicon"), a company that specializes in research and development of products derived from hydrophilic urethane chemistry. The Board of Directors of SpongeTech(R) and Dicon have approved and completed the transaction. SpongeTech(R) acquired Dicon for $4.45 million in cash only. The Company has immediately picked up approximately $10 million in revenues and approximately $1.5 million in pre-tax earning from the acquisition. Dicon currently sells various products including private label brands for multiple industries through established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart and Wal-mart as well as direct sales to large commercial clients; all of which SpongeTech(R) intends to immediately utilize. In addition to the U.S. distribution, Dicon currently has distribution in Asia.
"Due to the overwhelming increase in sales and demand for our products, we felt the best interest for the Company was to acquire Dicon," said SpongeTech(R)'s CEO, Michael Metter. "The acquisition of Dicon benefits SpongeTech(R) along multiple parallels. With this acquisition, SpongeTech(R) will obtain the technology that we have had exclusive rights to utilize in the manufacturing of our products and enable a more efficient and expeditious R&D process for the expanding of our product lines. In addition, SpongeTech(R) will acquire all current and future products within Dicon's portfolio."
"We are energized at the potential unleashed by the union of our two companies," commented SpongeTech(R)'s COO, Steven Moskowitz. "The growth of the Company has given us the ability to acquire Dicon without dilution. We believe that this acquisition places SpongeTech(R) in an excellent position to maximize the value of our Company and its future."
Established in 1975, Dicon Technologies has been researching, developing and producing some of the most innovative and successful products for multiple industries including agriculture, cosmetic, household and medical. Today, Dicon is recognized as an innovator in product development, setting new standards and creating products with far-reaching implications throughout these industries. Headquartered in Black Creek, Georgia, Dicon operates a new, state-of-the-art 30,000 sq. ft. research and manufacturing facility where over 65 researchers, product development and manufacturing personnel work on multiple, current, and future products.
Dicon's President, Wayne Celia, comments, "We have always strived to create products that are not only technologically advanced but provide the end user benefits unforeseen in previous products in the marketplace. Teaming up with SpongeTech(R) is the perfect solution to providing a strong portfolio of innovative products that management believes will blow the marketplace out of the water."
Details to the acquisition of Dicon Technologies will be in the Company's Form 8-K filing at .
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: .
LOL!
I just saw that and was about to post it as well..., now I don't have to cut-n-paste...
The shorts were at one time using that as away of scaring investors, so there is another reason not to worry. This is going to be an eventual homerun for us!!! :scared :00hour :00hour :0corn
I just saw that and was about to post it as well..., now I don't have to cut-n-paste...
The shorts were at one time using that as away of scaring investors, so there is another reason not to worry. This is going to be an eventual homerun for us!!! :scared :00hour :00hour :0corn
