Dave Davidson

Is China BAK Battery Just What the Hybrid Vehicle Market Needs?

CBAK definitely has bright prospects with a possible HPQ relationship and the continuing search for alternative energy sources, however buying shares of the company is like buying a lottery ticket. If neither of these possibilities come to fruition, the stock goes nowhere and may continue to erode, however if the do happen, the shares could easily triple or quadruple from this point with nearly 4.2M shares shorted. This stock definitely qualifies as a "mad money" investment and is not recommended as a core portfolio holding. I am long shares now and I'm waiting for a big move north on an HPQ announcement...however that announcement may never come! Good luck to all!