I'm long ABAT, not because of Apple, but because of China and bicycles and that the company has been showing nice steady improvement. Management is sticking to their knitting, has a superior product, and is deftly growing the business. The are conserving cash, and from an investor's point of view, I think they are doing a fine job.
ABAT management announced a $67M backlog when the 3rd quarter results were released with $55M in batteries and $12M in electric bikes. The last full year of results in 2008 had the revenue at $45M so the backlog is almost 1.5 times the total revenue in 2008.
IMO there will not be a drop on January 27, 2010. Investors should be loading up on ABAT as battery capacity has doubled with the addition of Buildings C and D. The revenue is bound to go up in the 4th quarter and the profit as well.