3SOF

Nice technical breakout on AOB yesterday. If we take out $5.90 the sky is clear to defy the all time high set at $7.68.

I'll continue holding this fast growing Chinese (going global now) company for the long term .

Oh yes, AOB is fighting with the $5.90 resistance level. You see, if we cross that level and close decisively above it, the whole chart structure changes and the stock turns short and medium term bullish again, instead of bearish (longer term AOB has been bullish for a long time).

There's a nice post on AOB's Yahoo board:

AOB --a flying saucer--

I'll continue holding AOB for the long term.

isn't this a cup and handle?
maxi

AOB still looks pretty... 

AOB still sitting pretty going into earnings season....

when is the next conference call ?...i heard on a message board it s the 14 or 15th this month? someone knows?

Im back in AOB at 5.43... I checked out lycos I Watch and saw instituations loading up last couple weeks and today as well. It looks like we are going to get a strong push to 6 and above. Everything is lining up for a push to 6... Strong base in the 5.00s,  Good earnings due soon, Increased buying from institions, China growth hype, and PR of a acquisition.

Quote from: ket1390 on February 03, 2006, 08:17:05 AM
when is the next conference call ?...i heard on a message board it s the 14 or 15th this month? someone knows?

I also don't know ket1390 

AOB failed to close above the $5.9 resistance level and it sold off. Perhaps it is building an ascending triangle pattern. Nothing new on the fundamental side, I'll continue holding AOB for the long term.

AOB does not have to report until the end of March and historically they have reported at the "last minute" or late.

http://www.sec.gov/cgi-bin/browse-edgar?company=american+oriental&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

Was that doji today?

Any opinions on today's action?

I have an opinion.    My theory is:  it went down because I bought it.    Kinda like how I can make it rain by washing my car.

Seriously, it does look like a cup w/handle formation and I've noticed many times a sharp decline for a couple of days after the handle forms before the "big run".  This is just my opinion on observations I've made...I've been shaken out by them on more than one occasion.

On a more technical note, the bottom bollinger band is fast approaching, which would also coincide with the above statement.  If it closes below it I will bail out with about a 9% loss.

Other opinions welcome.

It is either range trading $5 - $6 or double top if it break down at $5.

Will take position $4.50.

I need an explanation:

Tuesday , February 07, 2006 09:52 ET

Feb 07, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold lists for 13 consecutive trading days: American Oriental Bioengineering, Inc. (AMEX: AOB), Distribucion y Servicio S.A. (NYSE: DYS), Lipid Sciences, Inc. (NASDAQ: LIPD), LightPath Technologies, Inc. (NASDAQ: LPTH), La-Z-Boy Incorporated (NYSE: LZB), World Heart Corporation (NASDAQ: WHRT). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net/squeezetrigger.pdf.

Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

American Oriental Bioengineering, Inc. (AMEX: AOB) engages in the development, production, and sale of bioengineered products and traditional Chinese medicinal products, primarily in China. The company's product lines include Health Food, Chinese Medical, and Soybean Protein Peptide products. Health Food product series include compound bio-functional beverage, a nutritional beverage; iodine bio-functional beverage, a compound bio-functional beverage with Iodine additives; and vitamate oral liquid, which is designed to strengthen the immue system. Chinese Medical products series include Cease-Enuresis Soft Gel that helps alleviate bed-wetting and urination disorder; root of red-rooted salvia tablet that improves blood circulation to remove blood stasis; and Double Ginseng Yishen Grain, which is used for neurosis. Soybean protein peptide products include soybean protein peptide powder and soybean protein peptide coffee nutritious health drinks; and soybean protein peptide tablets, which maintains or improves protein nutrient condition of the human body. It offers its products through distributors, sales outlets, and hospital and clinics. The company is headquartered in Harbin, China. With 49.83 million shares outstanding and 1.70 million shares declared short as of January 10th, the failure to deliver in shares of AOB has not been resolved and a buy-in is imminent.

La-Onda,

In order to short, you must "borrow" the shares to sell them. You buy them back later (hopefully at profit and return them to the owner) These shares are always (I believe) held in by brokerages in Margin Accounts

Obviously this means there is a finite amount of shares available.

Naked shorts means someone was allowed to short the AOB without those shares being available to borrow. If your link is correct, it means those who are Naked short will be required to cover their positions beacuse the shares they have sold do not exist.

link:
http://www.knobias.com/individual/public/news.htm?eid=3.1.b0ae7e9a72dc9a3982e1c2fc9ab83f602db0eee15ed6f79ab54912d17775958c