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| Discussions for American Oriental Bioengineering, Inc. | View all discussions |
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| AOB is So Oversold.. RSI, Stoch RSI.. BUY BUY BUY!! | ||
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From: Matt <mat...@gmail.com>
Date: Tue, 27 Oct 2009 12:06:02 -0700 (PDT)
Local: Tues, Oct 27 2009 3:06 pm
Subject: AOB is So Oversold.. RSI, Stoch RSI.. BUY BUY BUY!!
There is really no good reason for this stock to be so oversold. I
think this is a rare opportunity to buy a company with these fundamentals at as low as $4.20 per share. The fundamentals are strong. They remain strong. What instigated this downturn since September has been the publication of a research report by infamous short-seller Manual Asensio, trying to raise questions about CEO Tony Liu's undisclosed ties to other foreign companies. AOB has addressed this issue on their website http://www.bioaobo.com and sought a cease and desist order against Asensio. Asensio is not exactly an upstanding character. Look him up. So I think the growth prospects for this budding Chinese pharmaceutical/nutriceutical remain very strong, and I think this is the last downturn we're going to see as the result of reports issued by Asensio. This chart is extremely oversold by any reasonable medium-to-long term measure, and you should buy before you miss the bottom. You must Sign in before you can post messages.
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