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jasenj1 (34.51)

Education with ABAT - Part 2

Recs

5

April 06, 2011 – Comments (0) | RELATED TICKERS: ABAT

Today ABAT responded to the Seeking Alpha article that caused their stock price to fall 40% in one day. Shortly after the rebuttal was posted, their stock jumped from $2.00 to $2.50. A nice 20% one day pop. Will they recover back to the $3.75 level they were at before the SA article was posted? There may still be easy money to be made here.

This was a good lesson to me to watch a company's price and if there is odd movement to investigate further and see if the move was warranted. In this case, it appears the move was not warranted and there were several days there where the stock was cheap - and it still is compared to the pre-drop price.

 I'm glad to have gotten in for the little I did at $2.00. 

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