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Advanced Battery Technologies, Inc. Message Board

  • tony23nyc tony23nyc Apr 1, 2011 7:10 PM Flag

    Here's why I sold today

    Classic case of fear and greed going on here.

    Traders taking control of price movement with crazy swings early on and then lame 1/2 cent moves in the late trading hours. I've had enough of this roller coaster for now. I don't feel comfortable checking it every hour.

    I'm not a long - I actually bought on the dip to 1.96 and sold at 2.03. Pretty pathetic I know. Watching these wild swings, it seems like you don't know what to expect.

    Still too many unknowns to feel comfortable - that's why I sold today.

    Company's response to the attack was pathetic. Seemed like more of an acknolewdgement that there is a problem but no denial or opposition to any of the claims that were made.

    Then you have the four lawsuits currently in progress. These will take time but could be nasty if the financials didn't properly reflect or note related party transactions. Could cause a restatement or worse--a halt or delisting who knows.

    I really wish all strong longs who held onto their shares the best of luck. I hope the shorts and this stupid "Varient" person/group or whoever the hel-l it is burns for what they did. It's funny how weak longs sold on the news, but when an industry analyst comes out with a recommendation report on a stock no one listens. Go figure. That's the society we live in folks. The bad news always outweighs the good news even it's coming from a non-credible source.

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