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AOB Shares Popped: What You Need to Know

By Travis Hoium | More Articles
October 11, 2010 | Comments (2)

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of American Oriental Bioengineering (NYSE: AOB  ) rose 10% in intraday trading on unusually high volumes.

So what: The company released no news of note, but by 1:30 p.m. ET, trading had already reached 832,000 shares. This is much higher than the average daily volume of 420,000 and already near the monthly high of 889,000 shares.

Now what: A big volume day usually means a big buyer or seller is moving in the market. I couldn't find any news about the company recently, so I’m chalking this up as a typical wild movement in a small-cap stock. There's no reason to panic on the buy or sell side today, but it could be an opportunity if you’ve been looking for a good time to sell.

Interested in more info on American Oriental Bioengineering? Add it to your watchlist.

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Fool contributor Travis Hoium does not have a position in any company mentioned. Try any of our Foolish newsletter services free for 30 days. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Motley Fool has a disclosure policy.


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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On October 11, 2010, at 5:53 PM, csg2222 wrote:

    AOB, I think I remember in the not too distant past you recommending AOB. What is your take now?

  • Report this Comment On October 11, 2010, at 6:31 PM, mtghack wrote:

    AOB is just another stock MF unapologetically pumped and dumped

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Related Tickers

3/15/2012 3:59 PM
AOB $1.52 Down +0.00 +0.00%
American Oriental… CAPS Rating: ***

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