Strategy: Pennystocks100 (5 min chart)
Period: July 21, 2010 - July 21, 2011
# Win: 5
# Loss: 2
Winners: 71.4%
Profit-Loss%: +14.88%
Strategy: Pennystocks100 (5 min chart)
Period: July 21, 2010 - July 21, 2011
# Win: 3
# Loss: 0
Winners: 100%
Profit-Loss%: 13.25%
Advanced Battery Technologies Inc. ($ABAT) engages in the development, manufacture and distribution of rechargeable polymer lithium-ion (PLI) batteries. The Company's products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices. $ABAT's batteries combine high-energy chemistry with state-of-the-art polymer technology to overcome many of the shortcomings associated with other types of rechargeable batteries. Early in 2009, the Company acquired Wuxi Angell Autocycle Co. Ltd., an electric vehicle manufacturer, and renamed it Wuxi Zhongqiang Autocycle Co. Ltd. $ABAT maintains its executive offices and manufacturing facilities in China.
Backtested Symbol: $ABAT
Strategy: Pennystocks100 (5 min chart)
Period: July 21, 2010 - July 21, 2011
# Win: 1
# Loss: 1
Winners: 50%
Profit-Loss%: -0.98%
Is there something that makes you hesitate on PWAV?
ReplyDeleteI am probably late with my answer.. sorry, saw your post only now.
ReplyDeleteYes PWAV was in my initial screen, but one thing I didn't like about PWAV that day:
- Huge Volume spike was not confirmed by adequate price increase action, which basically means, something is not sustainable, broad market is not ready to accept it. It may well pop up again very soon... but for 7/21-7/22 trade it didnt make it. Actually, if you look into the next day action (7/22) it would be a loosing trade... So, good we didn't buy it :-)