Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of A123 Systems (Nasdaq: AONE ) jumped 12% today, continuing a wild streak for the company.
So what: To understand what's going on today, we have to go back and understand last week. The company announced a new technology called Nanophosphate EXT, a battery it says can withstand more temperature variation than the company's old technology. Shares jumped on Tuesday, fell on Wednesday, dropped on Friday, and are moving higher today. This is nothing more than the volatility of a low-cost stock after a big announcement with traders jumping in and out on a daily basis.
Now what: This could be a move from investors wanting to cash out short positions built on Tuesday, after the announcement was made. A123 still has a lot of problems ahead and I wouldn't count out bankruptcy. This is nothing more than another dead-cat bounce and I wouldn't buy here or until financials improve significantly.
Interested in more info on A123 Systems? Add it to your watchlist by clicking here.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Be the first one to comment on this article.