Advanced Battery Technologies, Inc.
(Public, NASDAQ:ABAT)
Was added to the Russell 2000 today.
woohoo!
Here is the blah, blah on the company:
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.
Bottom Line:
Bot today on this dip.
Good luck all!
And as always, be sure to do your due diligence before purchasing any stock.
10 Comments:
this stock started its move on May 12th, when it reported 87% Q/Q sales growth and 187% Q/Q EPS growth. On this day the stock jumped 10%+ on high volume (over 1 mln shares, which for that particular period of the stock's history was a huge deal). Since earnings' announcement it is up almost 100%.
zero debt and many potential catalysts are in front of this stock. Excellent pick.
good entry
Yay!
Rechargeable batteries! They are about 50x+ cheaper than regular batteries. Money-saving! woohoo! I want to see more upside! hehe
mmmm
-m
TG,
I got completely distracted.........what was it you BOT?
Sweet.
A well kept secret. The ABAT CEO just bought a shell for his son and is merging his other company into it. The shell is MAUG.
Anonymous,
And so... if I phoned the CEO and asked him about this, what would he say? hmmmmm?
"And so... if I phoned the CEO and asked him about this, what would he say? hmmmmm?"
He might tell you to check out http://www.hairongtech.com/text-end.aspx?id=420
The guy on the right is the ABAT CEO and two seats down is his son.
GL!
The precursor of Heilongjiang Hairong Science & Technology Development Co., Ltd. is Harbin Sunraising Science & Technology Industry Co., Ltd. which was established in 1999. With a professional and high quality team of technology and management, the company mainly engaged in the research，production and sales of information industry.
The management of Hairong Technology has rich experiences in enterprise management, has strong innovative power and professional ethics. Mr. Qiang Fu, board chairman of Hairong Technology, received his bachelor degree of business administration from Beijing Union University. He graduated in law department at Heilongjiang Management of Political and Law Leader College. He once severed as vice GM of Heilongjiang Guangsha Group and GM of Harbin Sunraising Science & Technology Industry Co, Ltd. He attended Heilongjiang businessman training held by party school of Chinese Communist Party Central Committee and was awarded the honorable title of “Outstanding Businessman” in 2003 which made him acquired rich experiences in business management.
Under the leadership of Mr. Fu, we established an excellent management team with reasonable structure, strong management ability and good team work spirit which reflected mainly as follows:
First, internationalization of the management team: the management of Hairong Technology all be trained abroad and have rich practical experience;
Second, internationalization of the management methods: the company has introduced scientific and advanced management methods to meet its development.
Third, the management was young and all received higher education that made them has rich knowledge and experience in management.
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