China BAK Battery, Inc. (CBAK)

[Ecomike]

I was surprised that CBAK held up so well after the recent price crash on the latest very poor earnings report, which was right after a 100% rally to regain Nasdaq listing. Maybe some see a silver lining in that report? I have not had time to read it all. Did I miss something in it, or did bargain shoppers that bought recently at over $1 step in and average down?

I was very disappointed in the size of the last loss reported, much larger than prior losses, seeming to get worse, not better all of a sudden? Starting to have long term doubts about this outfit. Been holding and adding based on book value at about $2, and belief they could turn it around, for about 30 months here.