Billionaire Boys Club Member Forum (BBCMF)

[Ecomike]

$CBAK, One fully SEC reporting China Li-ion battery giant, that is at a deep discount, cleaned up their dead inventory, and has changed course to try and start showing profits, instead of just revenue, and jobs for China. The market seemed to love the latest news, and if it runs into the $4 area and holds (or dips first) it looks like a chart buy, high tech battery stock buy right now, target being $10. The current market cap right is tiny, for a company with $200 million in assets (countered by debt), but if they kill the cash burn it will soar. The OS is also tiny!!! Right now it looks like an awesome swing trade for day traders that do charts. I am Long CBAK, been long for 4 years. Not one of one best buys back in 2009, but I stuck it out and the recent rally has been strong. It looks like it has one more big move coming. Look for very strong support at about $3.12, and a massive fast run if the $4 level is taken again and holds this time.