AOB

[Michael]

David,

Congratulation wit the listing of AOBO on AMEX: http://biz.yahoo.com/bw/050712/125456.html?.v=1

I do still not have a position in this little gem but I will before the end of trading today. I have waited too long! 

[zhufred]

will aobo go up to $3 ? David

[3puttssuck]

$1.84......goodbye

new 52 wk high

[3puttssuck]

I've gone back 3 years and find the highest volume to be June 30, 2005 at 1,730,600 shares.  Looks like we'll set a new record volume today.

This may be old news to some but I thought I'd post it anyway.  This company has been doing quite well.  I look forward to next quarter's report (August ?).

American Oriental Bioengineering Reports Record First Quarter Results for 2005
Monday May 16, 9:02 am ET 
Revenue Increases 63.3% Leading to a 91.1% Increase in Operating Income

HONG KONG--(BUSINESS WIRE)--May 16, 2005-- America Oriental Bioengineering Inc., (OTCBB:AOBO - News), a rapidly growing Chinese company which produces and distributes a broad range of pharmaceutical and nutriceutical products, announced today record first quarter results for the period ended March, 31, 2005. The Company reported revenue of $9.65 million, a 63.4% increase over first quarter 2004 revenue of $5.91 million. American Oriental had operating income of $3.02 million, an increase of 91.1% over operating income for the 2004 first quarter of $1.58 million. American Oriental generated net income of $2.18 million in the current quarter, or $0.05 per diluted share, an increase of 69.2% compared to $1.26 million, or $0.04 per diluted share for the same quarter last year.
The Company ended the quarter with $12.2 million in cash and cash equivalents, the strongest cash position in its history. AOBO's shareholder's equity increased to $35.3 million, its highest level ever.

[puerz]

aobo at 2.00. Should we sell or is this just the start 13 % in 1 day is nice.

[zhufred]

hold or sell ? everybody.

[3puttssuck]

Here's my goofy logic.

LENF gained 77% yesterday after announcing their move to AMEX, vol 1.8M, announced at 11:30 AM.

I'm still expecting a big jump today with a little follow through increase tomorrow.

The day is still young!

[zhufred]

Maybe tomorrow will big jump too. Long term will be very goog.

[fill_the_gap]

Just added.   

[Michael]

I am in as well! This is one of the beautiful cases where TA and FA go hand in hand.

Could be nice to have a technical target but from a fundamental point of view there is nothing to stop this being a $4.5 stock.

Mike

[eagerlearner]

i am in too ! just got filled at 2.
it's a complete package, FA, TA , newly upgrade to AMEX.  there is no reason this stock will close below 2 ever again. 

Thanks and good luck to all!

[dez]

In at 2.00

Looks like it just had an organized Fib. retracement from 2.15 back to 2.00.  Now on to higher prices.  Just on observation, this is a less volitile advance at the moment than LENF or CAFE.

But as was mentioned in an earlier post .... the day is still young.

[zhufred]

why does this keep falling down ?

[stocky]

I am in too

Seems like this one has a potential.

[David Randolph]

$1.84 was taken out on close with the highest volume in AOBO.OB's history (or should I say AOB?  ):

American Oriental Bioengineering's Common Stock Approved for Listing on the American Stock Exchange

This news will make a lot of people look into AOB's fundamentals, which are very attractive. We're still trading at $1.95 and I already see $2.48 (the technical target of the breakout) on print. Why is that? 

When AOB does get there, I'll see, upon conditions at that time, If I'll take profits or hold for a bigger rise as Michael says.