Replies to post #957 on Advanced Battery Technologies Inc. (fka ABAT)

[CaptainCanada]

Too many agendas ? You state a short while ago:

Quote:
Yah, I think when they have $100 million in cash, they should keep the fact that they need to borrow $6 million under wraps. Simply put - It don't add up >u< This baby is headed for zero, SHORTS! INCREASE YOUR POSITION! Shorting this stock is like printing money. XD

clearly you are one that shorts this stock...shorting and market factors have driven this down from near $4 to it's current level. The company is solid with great growth and earnings.

Yet, short pressure and false claims may hit it hard for a bit longer yet. Sooner or later they will stop or be proven wrong and abat 's continued earnings will impress and be proven again and again. Look for abat in the $2.50 to $4 range after dust settles and clear blue skies after that in a year or so.

[conix]

ABAT chart is getting interesting here. Close to breaking through the 50 Day Moving Average at $1.08. With high volume at that point, IMO, ABAT runs. ABAT is one my watch list now for that breakout... I love these crushed stocks when they start coming off the mat.




ABAT will have put in a Doulbe Bottom if it gets through--and stays above-- the $1.08 50 Day Moving Average on high volume.