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A123 Systems (AONE -7.3%) has plunged to new lows in the absence of major news. Shares have...

A123 Systems (AONE -7.3%) has plunged to new lows in the absence of major news. Shares have triggered short-sale curbs, but given they now trade at a paltry $0.224, brokers are probably reluctant to lend shares regardless. 19.6% of A123's float was shorted as of Aug. 15. A123 was hurt last week by news GM is temporarily halting production of the Chevy Volt.
Comments (6)
  • ngrimard
    , contributor
    Comments (12) | Send Message
     
    Does AONE even make parts for the Volt? I checked the website and the only car listed from Chevy as using technology from AONE is the Chevrolet Spark EV???
    5 Sep 2012, 11:48 AM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (753) | Send Message
     
    No, they don't. But GM temporarily halting Volt production isn't a good sign for electric car demand.
    5 Sep 2012, 12:02 PM Reply Like
  • Jack Holland
    , contributor
    Comments (161) | Send Message
     
    I'm in for another 20,000 shares. Keep selling folks, I'll take them off your hands.
    5 Sep 2012, 12:22 PM Reply Like
  • mahelan
    , contributor
    Comments (37) | Send Message
     
    AONE became a promising penny stock, a candidate for a near future acquisition. The only question is by whom and by how much.
    5 Sep 2012, 02:41 PM Reply Like
  • ngrimard
    , contributor
    Comments (12) | Send Message
     
    Haven't bought any shares yet, but I've been following the stock for a month now. If the deal with the Wanxiang Group Corp goes through the stock should go to 0.55.... although the recent price action leads me to believe there is more to this story than meets the eye. If it goes to 0.15 I might take a stab at at. What entry point are you looking at?
    6 Sep 2012, 03:26 PM Reply Like
  • mahelan
    , contributor
    Comments (37) | Send Message
     
    I bought 1$ leap call options for 0.05, i.e. at the lowest possible discount, but then stocks at 0.15 would be even a better deal, worth the risk.
    9 Sep 2012, 11:00 AM Reply Like
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