Advanced Battery Technologies Inc. (ABAT)
$10 Trader recently enjoyed a 5.7% gain in two days on this stock, and in the last week, opened a new position. The the area just below $5 has offered pretty good support and the stock got as high as $6.40 toward the end of June. I'm keeping a tight leash on my position, but like the prospects, particularly when the market begins to turn back up. Meanwhile, the stock is optionable so covered calls can be sold against a long stock position. ( July 12, 2008)
Advanced Battery Technologies, Inc., through its subsidiary, Heilongjiang ZhongQiang Power-Tech Co., Ltd., designs, manufactures, and markets rechargeable polymer lithium-ion (PLI) batteries in the People’s Republic of China, Taiwan, Japan, the United States, and Europe. Its products include rechargeable PLI batteries for use in consumer products, such as portable computers, personal digital assistants, and cellular telephones. The company was founded in 1984 and is based in New York, New York.
Target price :$ 9.00
$5.6 (07/14/08)
