I've also been watching HEV which was discussed in this article. It's another battery maker for electric cars. The stock is near at a 52 week low right now and it may be time to buy. I've watched it slide from $3/share to $2.55 over the past month mostly because of the Japan earthquake and tsunami, but no much else. They have a conference call coming up in May that will be interested to read/listen to. I'm thinking about starting a small position in the stock, maybe 500-1000 shares if it drops below $2.50.
I've read a lot of analysts who are bullish on this stock and expect these guys and A123 to be to the two leaders in battery production for electric cars. Another positive is that even though it is a small cap stock, it still averages over $1M shares trading every day which is good sign of activity in the stock and liquidity for buying and selling. They are mostly still in startup mode which means there is a lot of potential, but also significant risk. Put this one on your watch list and tell me what you think.
This stock is now down to $2.30. Better keep it on the watch list to see how far it drops before buying. I still feel like this will be a good buy, but this one is only for the investors willing to take a speculative risk.
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