AOB

[AussieTrader]

Hey Guys,

Yep I am liking the way AOB is acting right now. Tuesdays close was above the 200ema on my weekly chart $5.32 and at $5.64 the highest close for AOB since this major run started back in May (in fcat it is a 52 week high close price). I am expecting new 52 week high spike tests and closes this week or even as early as today.
Good Luck all

[ScottishTrader]

Right, decided to get in on this one with you guys, I really like the ascending triangle formation, and think we should blow through 6.00 in no time.  Today was a close pullback towards support, and I filled my position at 5.36, which made me happy - pretty low downside risk, as I see the trendline coming in at about 5.30 tomorrow.

Andy we got pretty nice upside movement from the lows of the day at the end too 

Here's a chart from about 3pm - stockcharts is down so can't get one for EOD.

Lock n load, lets rock n roll

[ScottishTrader]

AOB is pushing breakout levels as I write - we got a couple touches at 6.00, and it really wants to get up there

Go on AOB 

[calven]

Stock looks outstanding. Looks like it may be going parabolic... that volume is awesome, 5x average daily volume!

Applauding...

[jorgegr]

Own AOB for some time, and been  waiting for a  breakout of that resistance at  6, which has been tested three times since September. Think we will draw a TL3 ascending line from the last time it touched 5 (should go up much fasternow). Although also have to keep an eye on news.

jorge gr

[ScottishTrader]

Excellent day for AOB, man am I glad I bought at the low yesterday.  Volume was huge

Just a shame it didn't hold 6.00 at the close, but it was playing with it something crazy.  I expect we should shoot up monday, already sitting at 6.10 AH.

Already looking forward to Monday's action.... 

[David Randolph]

I really don't know why, but often the «whys» come later, after the stock made a great advance, but AOB is breaking out of an ascending triangle. There's an excerpt of Reminiscences of a Stock Operator that fully explains why the explanation for a stock to move isn't all that much important for a trader. The more important and objective thing is that it is moving !

Volume on Friday was the highest on record for AOB, 5.2 million shares traded.

Since this trade will be based on the expectation of a bullish breakout, if that bullish breakout doesn't occur it would not be reasonable to continue holding the stock. I believe AOB will breakout tomorrow and make a beautiful white marubozu to new closing highs above $6.

If it doesn't, I don't want the stock anymore, I will release capital for others moving fast. So my trading plan is:

1) Buy AOB at or near the open, 33.33% of the Fast Portfolio, or $5,000;
2) HOLD if it is set to close above $6;
3) SELL if it is set to close below $6.

[valueseeker]

AOB is my long term hold. I know why the break-out last week: earning report is 11/15, and we all know what happend after 8/15 - stock went from $2.28 to $6 on Friday.

[rickjust]

hi,
this is one i thought about entering since thursday with my swing trading set up but held off.
i need to trust in my own research more , i think that comes with expeirence  but aob looks to be going ahead at least in the short term. think i will jump in monday
thanks
maxi

[stocky]

Applaud david and ramsburg for yet another great way to maximize the utility of 3SF.

Glad to be in the fast lane.

[Terliso]

Anybody know when AOB report their 3Q earnings?

[valueseeker]

Supposed to be on or before 11/15

[Se7en]

Why can we assume that AOB's earnings will be good, were there some important announcements or interesting developments last quarte/CC?!

[valueseeker]

Top spot (HOM is #2) on IBD list (<$10) 3rd time in a row, the #3-10 have changed a lot but #1 & #2 are always AOB and HOM:

http://biz.yahoo.com/special/low1107_05.html

[DannyOhad]

I missed the train... up by 7.5% already.
I will wait abit before buying.

Ohad