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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,406 Blog Posts

Late Day Buy: ABAT

RaginCajun Wed Sep 30, 2009 3:53pm EST 7 Comments

Loaded up with Advanced Battery Technologies, Inc. [[ABAT]] @ 4.30. This stock smells like money, it is in the hottest sector, Henry Fool likes it, closing above the 50 day, and rumors are circulating about a partnership with Apple Inc. [[AAPL]] .

ABAT 4TW! See you guys tonight.

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7 comments

  1. EN1GMA
    EN1GMA
    September 30, 2009 at 7:24 pm

    RC,

    ABAT just released some bad news afterhours regarding dilution of shares

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  2. RC
    RC
    September 30, 2009 at 7:31 pm

    you got to be kidding.

    First CIT, now this, someone please tell the stock gods I am sorry.

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  3. sg
    sg
    September 30, 2009 at 7:41 pm

    RC, that was really funny. 🙂

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  4. Teahouse On The Tracks
    Teahouse On The Tracks
    September 30, 2009 at 8:14 pm

    The AAPL connection ?????

    >>> Advanced Battery’s (NASDAQ: ABAT – News) products can be used in everything from cell phones and computers to motorcycles and other vehicles. A former Apple (NASDAQ: AAPL – News) executive took the helm of the company’s technologies division back in 2006. <<<

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  5. RaznCane
    RaznCane
    October 1, 2009 at 9:25 am

    I’m out of ABAT this morning on the news @ 4.00 – a 8% hit on my buy. If APPL bites, then I’ll revisit.

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    • RaginCajun
      RaginCajun
      October 1, 2009 at 10:54 am

      The news was unfortunate, the stock had everything you want to look for, however the financing news screwed us.

      I’m still holding for now.

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  6. henryfool
    henryfool
    October 2, 2009 at 1:04 am

    Holding too.

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