3SOF

I'm watching for it to get/stay above the 9sma which today stands at $1.40

GLTA...Jody

Well it did that day of the previous post and that's when I bought...looking good so far

I should take back my position also, ABAT on the move.


Advanced Battery Technologies, Inc. Reports Record 2006 Year-End Results
Monday April 16, 3:57 pm ET


HARBIN, CHINA--(MARKET WIRE)--Apr 16, 2007 -- Advanced Battery Technologies, Inc. (OTC BB:ABAT.OB - News), a developer and manufacturer of rechargeable Polymer-Lithium-Ion (PLI) batteries, today announced that it has achieved significant improvements in its operational performance in fiscal year 2006, and is optimistic about its performance in the fiscal year 2007.
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Revenues for 2006 totaled $16,329,340, compared to $4,222,960 for 2005, an increase of $12,106,380, or approximately 287%. General and administrative expense for 2006 totaled $1,604,878 or approximately 10% of revenue, compared to $1,254,454, or approximately 30% of revenue for 2005. Gross margins on sales improved to about 55% in 2006 as compared to 33% during 2005. The company reported 2006 net profit of $5,990,548, or $0.13 per fully diluted share, up from a net loss of $157,637, or $0.01 per fully diluted share, in 2005.

Mr. Zhiguo Fu, CEO and chairman of ABAT, said, "This was an exciting and important year in the development of our company. The strong increase in revenue was attributable to the successful expansion of our manufacturing capabilities and our product lines to meet the needs of existing and new customers. This growth reflected the continued demand for our advanced PLI batteries."

Mr. Fu also said, "As reported, we have a backlog of approximately $18.180 million from 48 customers versus $6.360 million backlog from approximately 12 customers for the same period last year. In addition, we continue to solicit new orders from both existing and new customers, which will place us strongly into the global battery market and as such, we are optimistic for 2007. Management wishes to express its appreciation for the strong support from shareholders and employees over the past year."

ABAT may make new 52wk highs tomorrow. I bought ABAT a few days ago at 1.57 .

Did we break Apr.'05 resistance?  I'm itching to take profits but dont wanna prematurely pull the trigger....hate it when that happens!

updated ABAT chart looking for an good entry point 

The most recent uptrend line that I could see is the red line.
However, using symemetry and combined with the other indicators, it looks like the blue uptrend line has a more logical and sustainable angle of attack.
The green uptrend line is another possibility that I could see.
Let's see which one the market decides to use.

Tempted to take some profits...maybe it'll gap up tomorrow and make my mind up for me 

Well, I sold at the open and then watched it go down and just KNEW I made the right decision...that's rarely the case and it sure did rally back...but hey, profit is profit and I'll take that double.

GLTA the holders...I'll see if mother market will shake some weak hands and maybe I'll get lucky again.

Jody

Bought at the open today...looking pretty good, imo.

chart!   

Advanced Battery Technologies, Inc. Reports Record 2007 First Quarter Results
Revenues up 181% and Net Profit up 498% for the First Quarter 2007

Growth is good,
this looks like it will go higher than the current  price.

Candlestick Analysis  
Today's Candlestick Patterns:
White Closing Marubozu
Today a White Closing Marubozu was formed. This shows that the day opened and then prices went lower slightly, however it was followed by a rally that drove the prices over the opening price and the rally continued all day ending with a closing price equal to the high of the day.

Important Factors:

What a White Closing Marubozu says about the future course of the prices depends a lot on the general picture just as in the case of White Marubozu. White Closing Marubozu can possibly be the first part of a bullish continuation pattern or it may also be interpreted as a bearish reversal candlestick pattern depending on the preceding day's candlesticks.

The White Closing Marubozu is a single candlestick pattern with low reliability. It only reflects one day's trading and it may show the continuation of the trend but it may also indicate reversal. It needs to be used with other candlesticks for a better and healthier judgment about the status of the trend.

52wk Range: 0.56 - 3.13
Volume: 764,493
Avg Vol (3m): 434,961

Technicals
Last Price Quote is:
4.07%above 13-day MA
21.52%above 50-day MA
RS Rating: N/A  

Fundamentals
Key Data:
Market Cap (M): $133.99  
P/E Ratio: 22.58  
PEG Ratio: N/A  
Next Earnings: N/A
Last Analyst Rating: N/A

Who's the chart master?  I read about this candlestick formation at one point in my life...but I can't remember what it said       

Any help would be greatly appreciated.  Still holding shares...

Thanks...Jody

ABAT update

Advanced Battery Technologies Announces Financial Results
Tuesday , August 14, 2007 11:02ET

NEW YORK, NY and HARBIN, CHINA -- (MARKET WIRE) -- 08/14/07 -- Advanced Battery Technologies, Inc. (OTCBB: ABAT) today announced financial results for the Company's second quarter and first half ended June 30, 2007. Revenues for the second quarter increased 140% to $7.7 million, as compared with $3.2 million for the second quarter 2006. Net income for the second quarter increased 490% to $3.3 million or $0.066 per fully diluted share, as compared with $571,665, or $0.013 per fully diluted share for the same period in 2006.

Revenues for the six-month period ended June 30, 2007 increased 157% to $13.1 million, as compared with $5.1 million for the same period in 2006. Net income for the first six months of 2007 increased to $4.6 million, as compared with $840,198 for the same period a year ago. Earnings per fully diluted share for the six-months ending June 30, 2007 increased 452% to $0.092, as compared with $0.019 from the same period 2006. As of July 2007, our backlog stands at a record of approximately $33 million, up significantly from prior periods.

Mr. Fu, Chairman of Advanced Battery, stated, "We are extremely pleased with our continued growth in revenues and net income and we are optimistic for the balance of 2007 and beyond as the need for advanced polymer lithium-ion batteries such as ours continues." Mr. Fu concluded that Management again wishes to express its appreciation for the continuing strong support from shareholders and employees over the past quarter.

&

ABAT: Q2 EPS 7c vs 1c EPS +600% Y/Y
Tuesday , August 14, 2007 08:40ET

QUARTER RESULTS
Advanced Battery Technologies Inc (ABAT) reported Q2 results ended June 2007. Q2 Revenues were $7.70M; +142.14% vs yr-ago. Q2 EPS was 7c; +600.00% vs yr-ago.

Q2 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE
----------  ------------  ------------  ----------  ------------  ----------
Revenues:         $7.70M        $3.18M    +142.14%           N/A         N/A
----------  ------------  ------------  ----------  ------------  ----------
EPS:                 7c                   1c           +600.00%           N/A         N/A
----------  ------------  ------------  ----------  ------------  ----------

Looks ready to spring again.  Another fast moving chinese stock that just reported good earnings.  Needs to close above 3 or higher with strong volume to break out of ascending triangle.  Maybe soon.