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continued from AOBO thread. great move today. no new stories. i guess just a continued move from the earnings report. looks like strong accumulation going on. should be solid the rest of the year. i guess their next earnings report will be key to see if the revenue and earnings growth continues.
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traded 4.55 this morning. someone is doing some serious accumulation. hasn't been much news. whith the potential growth in china who knows maybe this thing will be at 50 in 3-5 years. i hope
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broke through 6 today, we'll see if it holds. still more room to the upside it think. its seems to be getting more exposure since it moved to the AMEX.
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up another .60 today, closing in on 7. not sure how much higher this thing can go. market cap is still under 300 million. i guess is they continute to grow rev and earnings like they have been there is still plenty of room to the upside.
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broke through 7 today. earning report next week i think. should be interesting. up from around 1.5 from when i first mentioned it on the AOBO thread.
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yeah, i looked at the 10q and it looked ok. conference call is at 1:30 pacific time. we'll see what they say. i sold some calls against my position so i got some money there.
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It looks like it's steadily pulling back, but still why the huge sell off after the earnings report? Do you think the conference call will help push it back up?
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depends on what they say and if they issue forward guidance. the stock is up from 1.5 a few months ago so i guess some pullback would be expected.
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I listened to the conference call. Everything sounds good and the company is doing excellent despite the punishment of the stock today. I'm going to hold on for a little while. Now may also be a good time to get some extra shares.
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so what is the consensus on this right now, is it a Buy, Hold, or Sell? I am thinking about picking some up now that this dip just happened, but I don't know if it's ready to dip again...
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it might dip again because of the long run its had. i think there is still growth in this thing so 6 mo- 1year out i think we will see at least 10. might have dipped because their margins this quarter were down.
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went ahead and picked some up today anyways, with the report it just came out with being as positive as it was, i don't see any future dips being very bad, and i'll just add on them. i agree, it looks like 10 is a very reasonable number, its not even a distant target, it's actually pretty close by when you look at how this thing is performing.
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metal, im just curious but where was your entry point on this stock? i really really like it and it kinda bums me out that i gave up trading for so long, this would have been something i was interested in earlier. its a really sound company, and i dont mean to sound like im pumping it, but i just bought a lot so im kinda excited! =) hehe anyways good luck to everyone!
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i'm long at 1.73 avg. i sold half on the way up (some a little too early) and holding the other half. i sold nov 7.5 calls againt 500 but they expire this week so i probably won't get called on those.
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Why did they set the price so low at 4.80 for the new stock offerings?? Is this thing ever coming back?
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Take a looky at GAX could be the next AOB. They just hit the AMEX wednesday. And they got a prime location they are drilling for oil. 5000 Acres in the PCBO. 1.40 now.
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yeah, the offering was surprising. i guess we'll see what they do with the funds.
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quote:...12,500,000 units, each unit consisting of one share of its common stock and three-tenths of a warrant to purchase one share of its common stock, at a price of $4.80 per unit, for anticipated aggregate gross proceeds of $60 million. The warrants have an exercise price of $6.50 per share of common stock. The proceeds, net of offering fees and expenses, will be used to finance acquisitions and for general corporate purposes.
I personally think this would be a good thing. With the 60mil they should be able to do a lot to boost next years revenues. I picked up more shares the other day. I still think this is a great long term buy, but how much will it drop before it rebounds? I didn't think it would go too much below 4.80.
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i think if they make some small aquisitions that are accretive to earnings and ad some decent revenue with some of the funds it should be ok. it was still a fairly dilutive placement. it may take a while to get going again. some good news would be nice to get the focus off the placement. but yes i think long term there is good potential.
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AOB's private offering closed, so I imagine we will see the stock get back to 4.80 soon and hopefully it will steadily climb back up.
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there hasn't been any news to drive the stock unfortunately.
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Can't they just make a quick press release and say that something like "Hi, we're fine. How are you. That's good. Say, we have a lot of plans for the 60mil we just raised." Something like that would probably keep it from going down.
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nice move this morning. don't see anything new on the news wires though.
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Going up 20 cents in early morning trading. If it stays positive, this will be the third day in a row for weeks. Maybe this means investors have regained confidence in AOB and it will get back up there sooner than we expected.
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up again this morning. holding yesterdays $5 close. nothing new on the wires, maybe people are looking at next months earnings release?
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Do you think the same thing will happen after this earnings release as with the last one? It's not trading so high as last time, so hopefully there won't be a huge sell off again.
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it had a big run prior to last q earnings so unless the stock really rallies i before the earnings then i think we should be ok. we'll see how their margins look this quarter.
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