posted
OBCI is a stock which twice this year ran from the lower $1.20's to slightly over $3.00 (see the chart below and you will see what I mean) Right now it's starting to make the same move it initially made when it ran from $1.30 to over $3.00 .. an increase in price, volume and upward movement. You want to watch this first thing Monday morning and if you see it moving, high chance that this is going to $3.00
-------------------- J. Pantoni Posts: 35 | From: maryland | Registered: Aug 2005
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posted
Yes there's was buying of shares by ALL officers of OBCI earlier this week. I honestly do not know why they bought, but it's usually a good sign, especially when the stock also starts making a move.
Posts: 35 | From: maryland | Registered: Aug 2005
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posted
first of all, they were non open market buys between .57 and .63 cents. the stock is trading over a dollar.
on aug. 25th they filed an S-8, and s-8 simply put is dillution. They have added more shares to the market, 159,500 to be exact this is NOT a lot of shares but enough to keep it down.
The other option is the company is running a "promo" they will pump up the stock thru sites etc...once the price is high enough they will dump into the buying. As Mach pointed out on another thread they do a very low volume daily. To get these shares into the market without tanking the stock they need to generate buying interest.
nice os and as though, i'll keep on my radar until I see that the new shares have entered the market. par value common stock, 10,000,000 shares authorized, 5,689,816 shares issued and outstanding at July 31, 2005 Good Luck
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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Keith, 159,000 shares is going to keep a stock with 5.6 mill shares down? What are you on crack? You obviously dont understand the concept of proportion, 159,00 shares aint gonna make a difference to the near 2 mill float it has. Notice how despite your reasoning that it should go down it's still going up right?
As for the promo, the company is marketing itself. Nothing wrong with that. See if they do promote themselves people like you say theyr pumping if they dont promote themselves the company is a lemon.
You have a personal agenda against this stock. Perhaps it's just that you want everyone to buy the stock you're stuck in?
You're bashing the stock and your comments are self biased and based on UNSOUND reasoning. Period.
Posts: 35 | From: maryland | Registered: Aug 2005
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I have no agenda, i trade to make money I don't buy int s-8's. I do buy after them.
yes i think 159,000 shares makes a difference especially if they hit the market all at once. I am pointing out there is an s-8 on the stock I did not tell anyone not to buy. Just informing them.
when the volume buy/sell of a stock is so low 159,00 makes more of a difference.
Volume: friday 54,000 so between buys and sells 28,00 shares changed hands, thats a week of non movement with a 159,000 s-8 but friday was a high volume day as it is obviously a promo.
Don't get me wrong I buy GOOD promos all the time, I just don't hide the facts.
volume 8/24 6,400 8/23 3,100 8/22 2100 8/18 2,00
My only point is don't get stuck holding the bag and if the stock is TRULY great it will move well when the s-8 is over.
Thanks for calling me a crack head- excellent defense.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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I'm dumbfounded by the illogical nature of your posts. I'm calling this stock on the basis of charts, the charts are showing an uptrend, the stock is up (all facts) and then bashers come along and shoot down the stock with foolish crap like 159,000 shares making a difference to 2 million AS THE STOCK IS ON FACTUALLY ITS WAY UP.
Posts: 35 | From: maryland | Registered: Aug 2005
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posted
And as for the 159,000 shares making a difference, read the S8 - the MAXIMUM offering price of the shares is $1.31 - which means they cannot add those shares to the market at a price higher than $1.31 and OBCI is at $1.63, which means no addition of shares (not that it would make a difference anyway)...... which if you were genuinely researching the stock instead of bashing you would realize.
Posts: 35 | From: maryland | Registered: Aug 2005
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I posted about your S8 and how it doesnt make a difference Keith, why dont you take out the time and realize that they cant add shares above the price of $1.31 and OBCI is currently at $1.63 meaning no additino of shares and besides getthis straight
159,000 SHARES DO NOT MAKE A DIFFERENCE TO 2 MILLION, IF THIS IS TOO HARD FOR YOU TO UNDERSTAND YOU SHOULD NOT BE TRADING OR POSTING ON THESE BOARDS
-------------------- J. Pantoni Posts: 35 | From: maryland | Registered: Aug 2005
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quote:Originally posted by jpantoni: And as for the 159,000 shares making a difference, read the S8 - the MAXIMUM offering price of the shares is $1.31 - which means they cannot add those shares to the market at a price higher than $1.31 and OBCI is at $1.63, which means no addition of shares (not that it would make a difference anyway)...... which if you were genuinely researching the stock instead of bashing you would realize.
LOL- if you had a brain you would be dangerous the 1.31 is maximum offering price not minimum- LOL
Proposed Proposed Securities Amount Maximum Maximum Amount of to be to be Offering Price Aggregate Registration Registered Registered(1) Per Share(2) Market Price Fee -------------------------------------------------------------------------------
Ocean Bio-Chem, Inc. $.01 par value 159,500 $1.31 $208,945 $25.00 Common Stock
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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Maximum offering price is the HIGHEST price they can sell the shares for. They can sell them down to .00001 if need be.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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quote:Originally posted by jpantoni: Keith if this stock runs tomorrow I'm gonna laugh at you bigtime! (I'm already giggling now as it is)
its a promo if it is a good one it SHOULD RUN. problem is when the shares hit the market it will dip quick and those in late are stuck holding the bag.
Laugh away.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
Some good healthy discussion here, keep it cool guys. I jumped in OBCI when it was running to $3.87 earlier this year, I jumped in around $2.30 ish and sold at $3.30 ish. Some nice gains - would not mind doing it again tomorrow
Posts: 10 | Registered: Aug 2005
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quote:Originally posted by tandemhunter: Some good healthy discussion here, keep it cool guys. I jumped in OBCI when it was running to $3.87 earlier this year, I jumped in around $2.30 ish and sold at $3.30 ish. Some nice gains - would not mind doing it again tomorrow
nice play.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
Missed OBCI's last two breakouts and kicking myself for it, great runner here. This time I will not miss a breakout, #1 on my watchlist tomorrow.
-------------------- Just trade it :) Posts: 17 | From: michigan | Registered: Feb 2005
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You seem to have an issue with jpantoni, dont involve me in it, especially not by lying about ip's or whatever. Any two people in different parts of the country can have the same ip as long as they are on the same subnet, or even a class A network will do, its called DHCP. If you want to discuss networks/ip's etc. bring it on, I'll prove you anything. Its very evident that you are sore about something.
Posts: 10 | Registered: Aug 2005
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jpantoni: If you're gonna quote somebody, please keep it in context. Also, FYI since you just joined this month: maybe you're used to boards where insults/name-calling, etc are customary. Around here? not well received...[cf posts against Machiavelli & keithsan]
now, back to DD: the yahoo chart you reference doesn't show much beyond a rising pps. When I chart it with indicators? To me it looks a like a squeeze play or group pick...Anything here point to a squeeze?
Either group or squeeze, I get that RSI may not pertain for awhile. But when "oversold" does kick in, and pps drops, seems like that could easily trigger the $1.31 dilution-entry. No?
wow, it must be random luck that you both have the same ip's and post on the same thread with the same thoughts...
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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You seem to have an issue with jpantoni, dont involve me in it, especially not by lying about ip's or whatever. Any two people in different parts of the country can have the same ip as long as they are on the same subnet, or even a class A network will do, its called DHCP. If you want to discuss networks/ip's etc. bring it on, I'll prove you anything. Its very evident that you are sore about something.
I don't know whether keith is around right now or not, but I've seen dozens and dozens of his posts and know he doesn't lie. Sore? doubt it, judging from this thread I just now re-read...
Hey, we all get testy from time to time...especially with the pattern of PnD posters showing up on weekends.
My point is, I have no idea whether kethsan is interested in this IP issue. May be expert for all I know...but I'm not.
So tell me if you will: are you saying "the authorities" or whatever can NOT really tell where/what my IP/location is? Because it's like phone numbers where 965-7865 can be shared in different area codes?
posted
ooo two people from NY! Must be the same person! Even if what you said was true, it would be baseless and illogical.
Posts: 10 | Registered: Aug 2005
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2 people from n.y. LOL that was your theory I still say its one, I have no life?
I just quietly trade here, I dont lie or pump, I pick some crap and some good ones.
You show up with double names talking about a stock that has 6 to 15 times the volume on friday with no news and an impending s-8.
why don't you learn to trade instead of trying to pump this crap to newbies.
Take it over to another board like microcap or over .10 but this one is for TRADERS.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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