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Obalon Therapeutics, Inc. (OBLN)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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6.02+0.83 (+15.99%)
At close: 4:00PM EST
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  • D
    David
    Obalon Therapeutics (NASDAQ: OBLN) Runs 1,400%+ Over Our May 2020 Buy Call + A Quick Crypto Update

    Link >> https://youtu.be/AEE7k7jffQM
    Visit Our Website & Sign Up for our FREE Email Newsletter @ https://www.BullishCharts.com We Are Also On Several Social Media Networks: #Telegram | https://...
    Visit Our Website & Sign Up for our FREE Email Newsletter @ https://www.BullishCharts.com We Are Also On Several Social Media Networks: #Telegram | https://...
    www.youtube.com
  • C
    Crusher
    I just re-read the merger agreement between Obalon and ReShape. Armistice owns 86% of the stock of ReShape and will convert at 51% so Armistice will own 44% of the merged company PLUS Armistice owns about 14% of the shares of Obalon so that's another 7% so after the merger Armistice will own 51% of the company. Together with Morgan Stanley owning almost 10% of Obalon's stock, those two institutions control about 56% of the merged company. Since Armistice is driving this bus via their 86% ownership of ReShape, everyone is focused on ReShape's stock and that is why it is up 19% today. But it's a 51-49 deal. So Obalon stockholders and ReShape stockholders will come out the other end of the tunnel with almost the same deal. So the price of these two stocks will by definition go to within 2% of each other. Of course Armistice is not selling any of its shares of ReShape and the volume over there is non-existent so the price is up 19%. Over here at Obalon we don't have an 86.4% controlling shareholder so the shorts are having a party. What the shorts aren't thinking about is that once this merger happens, there will be the mother of all short squeezes as all the old Obalon shares are taken off the market. Armistice is the Porsche in the Porsche-VW short squeeze, and the shorts don't realize that yet. Wait until they read my analysis.
  • C
    Chapman
    Obalon Therapeutics (NASDAQ: OBLN) Runs 1,400%+ Over Our May 2020 Buy Call + A Quick Crypto Update

    Link >> https://youtu.be/AEE7k7jffQM
    Visit Our Website & Sign Up for our FREE Email Newsletter @ https://www.BullishCharts.com We Are Also On Several Social Media Networks: #Telegram | https://...
    Visit Our Website & Sign Up for our FREE Email Newsletter @ https://www.BullishCharts.com We Are Also On Several Social Media Networks: #Telegram | https://...
    www.youtube.com
  • K
    Kibria
    Got @5.66 yesterday. Wanted to short day before yesterday. But TD warehouse rejected my order. I don't know why. Now that I am long, getting nervous as the price goes down. I am not a long-term investor. I do trading coz I have little leverage to keep my small investment for a long period of time. It seems I made a mistake by take a position yesterday.
  • C
    Crusher
    Dileep Thanks for your comments. The float is 7.5 million shares. 445 million shares traded on Wednesday. 25 million shares today. At the end of trading 445 million shares on Wednesday, there were still only 7.5 million shares outstanding. Then today 25 million shares were traded on a big down day. Is such a scenario possible without shares being shorted? Of course I bought three times today and my average cost is $6.88. not good...
  • D
    Dave
    I don't understand who appoints such a Law firms to investigate..... Whenever some big up or down movement happen with any stock....such law firms come out to fight for us.....
    check in Yahoo News for OBLN
  • M
    ME
    Reaching 10.00 monday
  • s
    stksue
    Open above 7$ on Monday..
  • W
    Warren
    Great post by Crusher.

    Also note, they can short Reshape, hence why it was up 20% today - so they had go at OBLN, glad they did picked up up some cheap ones, and have more add now up or down. Now who will sell to them when there are only 7.8m total shares....??

    i see $20+ in a few days/ week.

    Juts hold tight form here, now the deal. Read Crusher post - 5 times before selling.
  • n
    none
    Coming very soon, $ABUS. Cramer has Gristone Oncology (calling it the next Moderna) on tonight. ABUS has a connection. Do the diligence and you'll find out how and why. It's going to triple from $4.10.
  • M
    Mike
    Our NASDAQ: GEVO Alert Provides Nearly +1,000% In Real Profits Since October & Ethereum ETH /USD Taps New All-Time High of $1,439 Today!

    #YouTube Link >> https://youtu.be/NTxM1TTjUJ8
  • N
    N
    $ZOM will be next to the moon like $OBLN today. Buy now cheap and look for a similar spike...
  • W
    Warren
    hope you all bought today...

    Monday gap up. after so much accumulation...today was about accumulation...and yesterday...

    paid on Monday and next week..,

    adding some after hours too,
  • C
    Crusher
    Armistice and Morgan Stanley are going to put this merger into a health and wellness SPAC at about $14. The FDA has already approved their product. It's going to be monetized.
  • A
    ARVI
    Just came after having a cofee ofcourse with no worries after 35K plus in this stock at an average of 4.3$
    Plenty room to go , flying even over my expectations .
    candle graph predicted it to over $10 today
  • D
    Dave
    Will follow RSLS price trend soon...just wait for tomorrow premkt Run...
  • A
    ARVI
    $10 today
    Bought 10k shares at the dip $4.5
    Retiring soon with this stock
  • D
    Dileep
    Hard to understand how many shares are being traded since I come up with a total of about 7-9 million shares outstanding with most of it controlled by two firms. Obalon seems to have an FDA product that is more effective than its competitors and that could work well with the product made by ReShape (the band). The terms of the deal seem good for both parties with each product being equally valued and with the ReShape having a small majority of controlling interest.

    Together both products are FDA approved, proven to be effective in fighting obesity, and non-intrusive so that once people get their act together, they can take off the products (band or balloon or both) and return to a normal life with no permanent harm to their stomach or body.

    Seems to me like a perfect match if they can get more liquidity and allow for professional investors to get in and out of the stock without moving it.
  • F
    Frank
    Nice merger news, will fly to 5s today, because still under radar!
  • A
    Abdule
    OBLN hit to 2 digits yesterday but couldn't stick today will get stuck on two digits for the longest time ,$15 a share Is what we may see today