CBAK Energy Technology Inc (CBAT)

[turning stone]

FrozenFlame

I am a new shareholder in this company I have done my share of DD here and finally pushed the buy button. The one question that keeps haunting me is that every time the share price spikes right afterwards it sinks again. Why is that. I can only think that when good news hits everyone jumps in and drive up the price. but then there doesn't seem to be enough people that will hold the stock to level out the sellers. That tells me that good hard faith in this company is not there yet. I am in the market soon for a Tesla EV and that opened my eyes to lithium batteries. The demand in EV's will be just one area that should make this stock soar. Another should be in how to dispose old dead batteries. Why with such a low float and recent huge volume for that size float is it still selling in the $2/share area. Also why are they not fixing their NASDAQ problem. I sure hope they are not going to allow themselves to be unlisted. Other than these few hiccups this looks like a great company. I am a buy AMERICAN person and this is one company I feel I need to go against my true feelings.