OPBL.OB - Its optionable!

[la-onda]

OPBL background information:
http://www.allencaron.com/clients/backgrounders/opbl.pdf

[gman88]

I am new to this site, so if this has been covered could you indulge my question.

I'm long OPBL and the stock has had a really nice run the last couple of months a number of people, with opinions that I respect, have told me that this stock is going to $20.

They have had a lot of positive new lately.... good earnings, NMX bought a stake in the company, and their are rumors that they will soon be listed on an exchange.

Do you think $20 as a price target is in the realm of possibiliy? What price target would you give it?

if you dont know about opbl....here is a quick summary

Optionable, Inc. provides trading and brokerage services to brokerage firms, financial institutions, energy traders, and hedge funds in the United States. The company offers natural gas and other energy derivatives trading and brokerage services, OTC energy derivatives brokerage services, energy futures derivatives services, and services for lesser used derivatives, such as swaptions. It provides voice brokerage and floor brokerage services at the New York Mercantile Exchange and is developing an automated derivatives trading platform, OPEX. The company was founded in 2000 and is headquartered in Valhalla, New York.

[setravis]

Found some more to merge with this, and one thread was on the Stock Picking Board.


"OPBL.OB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                        
All history on a stock pick in 1 thread is awesome.                        
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.    
Thank You....and good luck with all your trades....make some $$$             

[la-onda]

I am new to this site, so if this has been covered could you indulge my question.
I'm long OPBL and the stock has had a really nice run the last couple of months a number of people, with opinions that I respect, have told me that this stock is going to $20.
They have had a lot of positive new lately.... good earnings, NMX bought a stake in the company, and their are rumors that they will soon be listed on an exchange.
Do you think $20 as a price target is in the realm of possibiliy? What price target would you give it?

I also believe that this is a great company but I wouldn´t invest now IMHO.
Around 6$ with a tight stop or around EMA 50 would be a nice entry but please do your own DD & money mgmt before investing.
cheers
O.

[gman88]

This stock came out with some news today.

http://biz.yahoo.com/prnews/070309/laf041.html?.v=87

Add swap contracts to it OPEX platform. The CEO said the

"The response to OPEX continues to be quite strong and we expect that the addition of the swaps contracts will further spur demand to trade through "

I really like this stocks.

[la-onda]

nice bounce back from EMA 50 support

[la-onda]

Optionable Announces Growth Initiatives
Thursday March 15, 4:05 pm ET
New Clients on OPEX(R)

VALHALLA, N.Y., March 15 /PRNewswire-FirstCall/ -- Optionable Inc (OTC Bulletin Board: OPBL - News), a leading provider of natural gas and other energy derivatives brokerage services, announced today that it has purchased two NYMEX trading rights, also called membership seats, for approximately $1.2 million through one of its subsidiaries, OPEX International, Inc. Optionable Chief Executive Officer Kevin Cassidy also noted that the Company has signed several new clients, is exploring strategic floor brokerage relationships as well as market maker incentive programs for market making firms in the energy sector. "The purchase of these trading rights is part of an overall strategy to expand our NYMEX floor operations as well as expand our product line both on the exchange and OTC," Cassidy said. "We believe this is a wise decision at this point because the cost savings over leasing the trading right will be substantial. Also, and very importantly, we will no longer be subject to increasing lease rate changes."

The Company also said that it has signed participation agreements with 30 new users for its OPEX® trading platform since the beginning of the year, all with blue-chip clients, and that requests for the use of the software are increasing. OTC-cleared trades that are executed are cleared through the award-winning NYMEX Clearport®. Cassidy said the strategic relationships the Company is exploring are with other OTC and floor brokerage companies.
Cassidy commented, "We will evaluate possible relationships with other OTC and floor brokers and determine what forms of strategic alliances make sense going forward. We would also evaluate and consider possible acquisition targets if they were the right fit for our growth strategy."

On the issue of market maker incentive programs, Cassidy added, "The Company and its management has not directly, or indirectly, provided compensation to its clients or their employees in the past but it will implement market maker strategies and programs which have been successful for other industry electronic platforms and exchanges. When properly and ethically administered, these programs can fuel a company's growth."

[422fwhp]

Chartwise, this is bullish.The wthite engulfing candle is a clear testimony here.

Fundamentally, we are expecting the closing of the 19% purchase of NMX tomorrow.All things being equal, this transaction will put paid to rumors that NMX may backout of the announced deal.

...my truck is empty, waiting to be filled.


GLTA...Jody

[fous]

I hate myself for never buying this stock when i found it 1.30............... I love what i see here and will likely be looking into a position soon after further analysis  todays bullish engulfing at support is definitely a possible sign of a reversal from the recent bearish trend

-fous

[422fwhp]

Annual Report:
http://biz.yahoo.com/e/070323/opbl.ob10ksb.html


One thing I didn't like to read was this:

"However, we believe that we may not be able to continue to grow the revenues at the same sequential rate as we did in the last quarter of 2006."

Thoughts?

Jody

[la-onda]

niec move and again I have missed the entry point 

[la-onda]

updated chart,
BO coming soon IMHO

[fous]

couldn't have called it better O  Applauds! You in OPBL.OB?. I've been watching for a position in OPBL the last several weeks though was hesitant to enter as the chart appeared to be forming a bearish head & shoulders chart pattern. Though todays breakout looks to me like that h&s aint gonna happen. Buying at the midpoint of todays candle might prove to be profitable.

-fous

[la-onda]

in @ 6$ fous 

[422fwhp]

Holding up nicely and raring to go, imo.