Hi mak I would hope their are more than two reasons why this...

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turbotommy

981 Posts.

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27/01/16

09:59

Post #: 16873610
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Originally posted by makattack ↑

cmk, I have provided plenty of evidence of insider information pushing the share price up, I have even on occasion traded it on charting. Frankly I don't really care what your opinion is, I know for a fact as I have studied price movements over two decades or more and I have been myself privvy to insider information through various sources in the past many times (not OBJ particularly) and I will tell you categorically, share trading market is corrupt. You cannot STOP insider information from various potential sources and its plainly naive to believe that in some way OBJ has a squeaky clean image where no-one involved internally or externally would ever trade on inside info.

In my opinion there are only two reasons for moves like OBJ has on this occassion on no news, one is insider information getting set (whether that be news on results or confirmation of revenue growth or whatever other reason), or two is a pump and dump. Both have happened to OBJ, so in this case which one is it? I don't subscribe to your theory that people have left it to the last minute (how do we know its the last minute?) and suddenly found the capital and falling over each other to get some stock in time for the inevitable announcement that really no-one knows about just yet.

That's my opinion based on the evidence I have seen with OBJ trading over the years. Take it or leave it.

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Hi mak
I would hope their are more than two reasons why this particular stock would rise, although you make the point the rise is on no news, however its also timing IMO,, its time for the technology to be used to its full potential or is it one big pump ? ......

OBJ Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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