ORIONS Money Stocks

[glassy]

Hey, TDB- IMO it was a hachet job that caused the panic selling which was overdone- just like usual. have seen it many times before... I saw it drop yesterday and it closed down like 42%. Typically those are going to drop the 2nd day another 20-30% possibly and that meant pps low of about 1.44 to 1.64 range for a great buy. I was bizzy and only managed to get in at 1.82 but I am looking for a run to the 2.50 to 2.75 range tomorrow
http://finance.yahoo.com/news/Kahn-Swick-Foti-LLC-and-bw-3554102716.html?x=0
Kahn Swick & Foti, LLC and Partner Former Louisiana Attorney General Announce Investigation Into Advanced Battery Technologies Inc. (ABAT) Following One-Day 40% Share Price Decline

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ABAT 1.94 -0.07


{"s" : "abat","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Kahn Swick & Foti, LLC On Wednesday March 30, 2011, 5:02 pm EDT

NEW ORLEANS--(BUSINESS WIRE)-- Kahn Swick & Foti, LLC (“KSF”) and its partner former Louisiana Attorney General Charles C. Foti, Jr. announce the commencement of an investigation into Advanced Battery Technologies, Inc. ("Advanced Battery" or the "Company") (Nasdaq:ABAT - News), following the Company’s stunning + 40% one-day share price decline. Shares of Advanced Battery plummeted after Variant View Research (“Variant View”) published a report alleging that the Company may have issued materially false statements to investors.



On March 30, 2011, Varient View published a report claiming, among other things that:



* The Chairman appears to have transferred ownership of ABAT’s key subsidiary to himself without explanation or compensation;



* ABAT leads investors to think that it makes cutting-edge electric cars, when in fact it produces cheap scooters and bicycles;



* ABAT claims unrealistic margins in what it admits is a commodity space;



* ABAT claims distribution relationships which appear to be fake;



If you have information that would assist KSF in its investigation, or would like to discuss your legal rights as a shareholder, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn ([e-mail]), toll free 1-877-515-1850, after hours via cell phone [phone], or KSF Director of Client Relations, Neil Rothstein, Esq. ([e-mail]), toll free at 877-694-9510, or after hours via cell phone [phone].



About Kahn Swick & Foti, LLC



KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders. Recent cases include In re Virgin Mobile USA IPO Litigation, 2:07-cv-05619-SDW-MCA (D. N.J.), Co-Lead Counsel, $19.5 million settlement; In re BigBand Networks, Inc Securities Litigation, 3:07-CV-05101-SBA (C.D. Cal.), Co-Lead Counsel, $11 million settlement; In re U.S. Auto Parts Networks, Inc. Securities Litigation, 2:07-cv-02030-GW-JC (C.D. Cal.),Lead Counsel, $10 million settlement. KSF is also federally court-appointed Co-Lead Counsel in THE shareholder derivative cases against BP and Bank of America (Merrill Lynch merger) emanating from their recent multi-billion dollar economic declines.



To learn more about KSF, you may visit www.ksfcounsel.com.