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CBAK Video Chart 12/6/2013
http://www.missionir.com/videos.html
May be they partner up with DFEL!!!
They have spent a huge massive ton of cash on R&D the last 5 years and expensed it all, while they lost an equivalent amount of investor equity (if they had put a value on the research they would have been closer to break even at times), and they have been moving from a non profitable high volume Li-ion battery to a newer higher margin battery for high power, vehicle applications. They have also written off inventory many times in recent years and taken huge write down hits on that. But in the process they have lost 90% of investors equity. If there is about to be a huge order news on vehicle battery deals that they were in field trials on the last 1-2 years, this rally out of no where could be a sign such news is coming.
It would be nice to watch it go to $10
It either means the stock is going a whole lot higher, or it was manipulated to trip the signal so shares can be dumped now at higher prices. Either way, I am not selling my $10 CBAK shares yet, LOL.
Something very significant has changed at CBAK that is not in the news yet, in fact with the recent news CBAK is heading the wrong way, so something major has happened or is about to happen. I wish I had loaded at .60 earlier this year. But most of us longs still have plenty of $10 CBAK shares.
What does that mean exactly?
~ $CBAK ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!
$CBAK has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~
For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~
What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~
To find other similar posts of "CBAK" utilize the links that follow.
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c
I wonder if some institutions and funds are are buying up shares of CBAK?
nice day 2day CBAK
$CBAK ~ lower trend line forming on weekly
Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!
$CBAK has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~
For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~
What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~
To find other similar posts of "CBAK" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "CBAK": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=CBAK ~
Search Ihub for "CBAK" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CBAK ~
For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~
Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~
I feel like the loan ranger here in CBAK land, stock is up 400% and no one noticed!!!!!
CBAK, nice move, glad I was long already.
~ $CBAK ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!
$CBAK has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~
For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~
What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~
To find other similar posts of "CBAK" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "CBAK": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=CBAK ~
Search Ihub for "CBAK" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CBAK ~
For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~
Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~
c
Nice close, up 20% today! I think this may be headed higher than people think, maybe to $2 next.
I'm glad somebody made some coins of this one finally. I am still in at $9/share.
Somewhere in that neighborhood, yes. They also have a huge amount of debt and a huge cash burn eating at stockholder equity.
Doesn't CBAK have 400 million in assets?
CBAK up about 200% from the last lows!!
WOW, CBAK is running hard!!!
CBAK takes out $2, it will run big time!
This one is way oversold, but they need new management, that make a profit.
CBAK 8-K is out, auditor had resigned about 3 weeks ago, but announced the new one today. That was fast!!!
BiPolar news on China stock accounting battle, LOL
These guys must be pipolar, LOL, time for some lithium I think, LOL.
http://www.reuters.com/article/2012/12/05/pcaob-china-idUSL1E8N4BW720121205
More on the accounting battles... CBAK:
Dec. 4, 2012, 11:30 p.m. EST
China listings may soon flee U.S., expert says
By Chris Oliver, MarketWatch
Reuters
HONG KONG (MarketWatch) — A mass exodus of Chinese companies listed on U.S. exchanges looks increasingly possible as an accounting rift between the two countries reaches a dangerous stage, a Chinese accounting expert says.
Paul Gillis, a financial author and professor of accounting at Peking University, believes the window to prevent a worst-case scenario of wholescale delistings of Chinese firms in the U.S. is rapidly narrowing.
He puts the odds of China companies having to pull up stakes from U.S. exchanges at 80%. In June he assigned a 20% probability of such an outcome, while seeing 70% odds that the “can is kicked down the road,” and U.S. and Chinese regulators find some way to defer the issue.
“We are in a very difficult position right now because there is an indication that diplomacy has failed,” Gillis said.
The Securities and Exchange Commission on Monday charged the Chinese affiliates of the big four U.S. accounting firms, plus another firm known as BDO, with violating U.S. securities laws by refusing to produce audit work papers.
The big four are Ernst & Young, PricewaterhouseCoopers, Deloitte Touche Tohmatsu and KPMG.
Click to Play
Why audit firms in China won't hand over paperwork
The U.S. Securities and Exchange Commission, investigating alleged accounting fraud in China, has charged the Chinese affiliates of major accounting firms for refusing to produce audit work papers.
Specifically, the SEC charged that the audit firms violated the Sarbanes-Oxley Act, which requires overseas companies listed on a U.S. exchange use an auditor registered with the Public Company Accounting Oversight Board, or PCAOB.
The body exercises its oversight of the registered auditors by inspecting their audit papers. Since 2009, however, China has prohibited the locally based auditors — which audit the U.S.-listed Chinese firms, and are registered with the PCAOB — from sharing accounting papers with foreign regulators.
Chinese officials have argued that sharing such information would be in violation of their own laws involving state secrets.
Part of the reluctance, according to Macquarie analysts, may also be tied to national-sovereignty concerns and the view that “foreign governments should not be able to come onto Chinese soil and regulate Chinese citizens.”
A meeting between U.S. and China regulators last week “was the last chance to avoid a regulatory confrontation,” Gillis said, with the parties now at a crossroads that makes any future deal less likely.
Stakes are huge
The disappearance of Chinese listings from the U.S. could have tremendous financial consequences.
When ranked by value, the biggest 200 Chinese American Depositary Receipts have a market capitalization of $951 billion, according to July calculations by investment bank Macquarie.
Chinese companies listed solely in the U.S., meanwhile, have a combined market value of about of $101 billion, according to the research house.
Gillis said the SEC’s actions will take some time to play out. The next likely step, he said, is for an administrative trial judge to assess what sanctions to impose, a process that could take months.
Meanwhile, a change in the PCAOB’s charter that would oust accounting firms that don’t comply could take up to a year.
The end result, according to Gillis, is that “U.S.-listed Chinese firms will not be able to find auditors,” regardless of their fiscal health or probity.
In the event of unwind, smaller Chinese companies could be delisted with assistance from the China Development Bank, according to Gillis, who says these companies would likely eventually be relisted within a few years.
Many would likely be shuffled towards Shenzhen’s stock market, which is geared toward smaller companies.
American Depositary Receipts that represent shares of state-owned enterprises listed in Hong Kong could be regrouped back to Asia without major structural barriers, according to Macquarie.
Still, the shift could collectively take years to complete, as each company would require a separate listing prospectus.
Some market strategists were less pessimistic, however, saying cooler heads would likely prevail in the accounting dispute, achieving a compromise to prevent undermining financial links.
Uwe Parpart, chief strategist at Reorient Financial Markets in Hong Kong, said he was unaware of accounting irregularities at any of China’s larger companies with ADRs.
Such accounting irregularities have been a problem at of some smaller Nasdaq-listed China companies, Papart said, although he warned that the scale of such abuses had been somewhat sensationalized.
“Some of the U.S. short-sellers have vastly exaggerated the extent of the problem, although it would be foolish to deny that there’s a problem,” Parpart said.
CBAK is up 70% + this morning, up a good $1 share on just 250,000 shares. No news, no chat here, no promo, so I think someone is squeezing the peyotes out of some nervous shorts today. CBAK was #13 on a list of most shorted stocks here:
http://www.bloomberg.com/news/2011-11-28/largest-nasdaq-short-interest-percent-increases-as-of-nov-15.html
I waited too long to add to my shares this time :(
But I am still long and the book value is about $8/share
This sounds like very GOOD NEWS from CBAK!!!!
http://ih.advfn.com/p.php?pid=nmona&article=55124527&symbol=CBAK
Very interesting competative development in the battery world today. Note that Exide was for a short time an AXPW JV DOE partner in 2009, that died when Exide tried to screw AXPW over.....
http://ih.advfn.com/p.php?pid=nmona&article=54986136&symbol=MXWL
Note that nearly every player in the public battery market has been sold off hard for some time, with no sign of bottoms yet. AXPW made a new 52 week low in the last few days.....and Exide is about 80% of its highs....Maxwell down about 65% as well and Aone in BK, and the China battery stocks selling for fractions of their purported PEs and or equity values.
Dow now closing its pet Li-ion operation?
One more Li-ion DOE grantee bites the dust?
https://news.fidelity.com/news/news.jhtml?cat=Top.Investing.RT&articleid=201210301110RTRSNEWSCOMBINED_BRE89T13Y_1&IMG=N
Well the NASDAQ issue is over, 1:5 reverse split happened today. Book value was still about $1.50 to $2/share, so it is now $7.50 to $10/share. If thought these clowns would ever get back to break even, I would be the coming bottom like crazy here. Alas, I starting to doubt they have the management skills to get profitable again?
Well the NASDAQ issue is over, 1:5 reverse split happened today. Book value was still about $1.50 to $2/share, so it is now $7.50 to $10/share. If thought these clowns would ever get back to break even, I would be the coming bottom like crazy here. Alas, I starting to doubt they have the management skills to get profitable again?
Interesting news, CBAK has a new director, now on all the committees and he is listed as a Houston Attorney:
http://ih.advfn.com/p.php?pid=nmona&article=54103857&symbol=CBAK
CBAK perspective on sister China stock trends:
"China’s stocks fell, dragging down the benchmark index to the lowest level since March 2009, after companies from Maanshan Iron & Steel (323) Co. to Shanxi Coal International Energy Group Co. reported weaker earnings. Maanshan Iron dropped to a 16-year low, while Shanxi Coal sank 6 percent as Shenyin & Wanguo Securities cut the company’s earnings estimates. Gemdale Corp. tumbled to a seven-month low after the official Xinhua News Agency reported the government is studying further measures to control the property market. The Shanghai Composite declined 1 percent to 2,092.10 at the close, the lowest since March 3, 2009. The CSI 300 Index (SHSZ300) lost 1.2 percent to 2,275.68. The Hang Seng China Enterprises Index (HSCEI) of Chinese companies traded in Hong Kong fell 1.8 percent."
From the "Between the Hedges" newsletter. Also note worthy, the BDI shipping index, which is heavily weighted to China trade now, is near the 10 year lows hit during the Lehman's Brothers collapse. BDI is a dry bulk ship rate index of ship rates, for goods like coal, iron ore and wheat.
Warren Buffet says he buys stocks when there is blood in the streets!!!
BOOM!!!!! Even I was not expecting an 80% rally stealth move!!!! Gotta love being long when this happens, and ECO was long!!!!
Does it have more legs, or will peak here at the fib number?
Awesome news out today!!! They are still selling for a fraction of book value.
Interesting write up on recent trend of taking companies like CBAK private in China.
http://usa.chinadaily.com.cn/business/2012-08/13/content_15668674.htm
Although I suspect CBAK needs to turn a profit first, unless they want to buy the remains in a year or so (at the rate they going downhill).
CBAK market sector news:
http://www.fierceenergy.com/story/china-commits-15b-ev-infrastructure/2011-08-16
DD and Investing in any stock should include knowing what is going on in the entire sector the company operates in, and with the companies competitors. Today, there was a bit of an earthquake in the world of high tech batteries, and CBAK makes high tech lithium iron phosphate batteries.
Seems a major automotive China firm offered 450 million dollars (in a complex deal) to buy up to 80% of the US DOE, GE,....Lithium Ion iron phosphate battery giant darling, AONE that just went public not so long ago, and is already nearly bankrupt already.
IIRC their core technology came out of the MIT University labs not so long ago, but CBAK and two others in China already seem to be making a very similar lithium iron phosphate batteries (or electrodes in the case of CSGH, who supplies CBAK) in China.
I have no idea at this point how this will turn out, or if it might affect CBAK, but it will bring a huge bunch of attention to the sector now.
Here are some links I have already found on the news:
http://online.wsj.com/article/SB10000872396390443991704577576881949308486.html?ru=yahoo&mod=yahoo_hs
http://ir.a123systems.com/releasedetail.cfm?ReleaseID=699094
http://www.forbes.com/sites/tomkonrad/2012/08/08/a123-deal-with-chinas-wanxiang-would-value-stock-at-0-77-a-share/
http://www.forbes.com/sites/boblutz/2012/08/08/a123-goes-chinese-will-washington-learn-it-cant-mandate-a-market/?partner=yahoofeed
There may be more detailed info on the Ihub chat room, that is where I got these news links.
I am curious what others think this might all lead too, short term and long term.
Interesting write up on the Chevy Volt li-ion battery management for you CBAK techy-nerd investors like me!!!! LOL
http://www.edn.com/design/systems-design/4391497/Teardown--High-voltage-Li-ion-battery-stack-management---the-drive-for-safe-power?cid=EDNToday
WOW, BOOM, Up 20% here all of a sudden, GO CBAK!!!!!
No news, but earnings are not far off, IIRC?
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