Advanced Battery Technologies Inc. (fka ABAT)

[Ecomike]

I am wondering what happened to out friend (poster) Captain Canada?

Today's closing volume on ABAT shares was off the charts with a roughly 5.5 million share spike in the last 3 minutes of trade, with little price change (went from 1.04 to 1.09 then 1.07).

That means an MM or MM/broker was buying (or selling?) all day for a huge single order for somebody. Since the price was nearly flat on the day tell the close, I think it might have been a huge short that covered today. But it could have been a new short selling all the rally attempts in anticipation of a new short seller article this weekend?

Last data I have showed 10% of the shares in institutional hands, with 42% owned by the ABAT CEO, and 10% of OS shares were short, leaving only 38% to cover shorts. The OS is about 92 million shares, so a 7+ million share day, with 5.5 million of those shares posted as traded at the close, means something big just happened, or is about to happen here!

Note that the 5.5 million share spike happened (or was posted) in the last 3 minutes, and the price jumped from 1.04 to 1.09/share with the first 1/2 million shares posted 3 minutes before the market closed.