I am long, but waiting for new lows, or a test of the current low before I add, as am I holding for the long ball here, but I fear the entire sector may still go a lot lower, or bounce in the dirt for a good while longer. It will take time for all the issues to all get fixed on stocks like ABAT. Short of going private I don;t see any of them bothering to try and fix things until the regulators fix their own BS audit issues and national security audit issues. The pending tussle between China, US, Japan, Korea, Vietnam, Taiwan, the Philipines et.al over who owns billions in oil and gas because they own the islands in the south China Sea and coastal islands could play hell with this game too.
It may be a good buy here for day trading as the major China indexes seem to heading from the bowls of the earth into orbit the last 4 weeks!!! And they have a lot of room over head to run!!
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