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Dr. Thomas Carr
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Dr. Thomas K. Carr (aka “Dr Stoxx”) is the Founder of DrStoxx.com (formerly “Befriend the Trend Trading”). He holds M.Phil. and D.Phil. degrees from the University of Oxford. For 16 years he was a tenured professor and department chair. He currently is a fulltime trader, market analyst, trading... More
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  • China Battery: Ripe For A Short! 2 comments
    Mar 17, 2014 3:54 PM | about stocks: CBAK

    China BAK Battery (NASDAQ:CBAK) came up today on my "high-flying junk stocks on lowered volume" scan.

    Shares are in ramp mode today but price is coming into an area of trendline resistance. And the fundamentals of this lithium battery producer truly stink. It's losing twice its market cap each year.

    Here are the numbers:

    (click to enlarge)

    Here is the chart:

    Do your own DD on this one, but I say it goes no higher than a 4.80 close, and should rollover to head below $3 soon enough.

    Stocks: CBAK
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  • Dr. Thomas Carr
    , contributor
    Comments (101) | Send Message
    Author’s reply » $CBAK now trading under $3 from our alert on 3/17 to short shares at $4.42.
    27 Mar 2014, 03:51 PM Reply Like
  • Dr. Thomas Carr
    , contributor
    Comments (101) | Send Message
    Author’s reply » I covered my CBAK short last week for a gain of +23% in 12 trading days. Hope others enjoyed the ride! Plenty more where that came from :)
    6 Apr 2014, 06:44 AM Reply Like
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