Actually, when we posted "The Lead Acid Battery Sector Is Starting A Bull Run" (CHP; ENS; XIDE) on June 9, 2010 my comment was, "Words I never thought I'd post".
Exide closed at $5.10 that day. Today Zacks' headline is "EXIDE TECHNOLOGIES: THE TREND CONTINUES UP (XIDE)" and the stock is up 14% on the day at $11.90. The headlines at Benzinga are:
Trading Higher on Heavy Volume are Shares of Exide Technologies on 5.3x Above-Average Volume (XIDE) and Calls Purchased on Exide Technologies. (XIDE).
The moves in the other listed name, Enersys $22.89 to today's $34.41.
(C&D Technologies collapsed from 77 cents to 6 cents, recapitalized and is now at 23 cents. Long-time readers know we don't mess around on the pink sheets)
No credit to me, AltEnergyStocks' John Petersen is as knowledgeable as anyone writing about batteries right now; his thinking on Lithium-ion should give investors in those companies pause.
See also December's "Why Cheap Will Beat Cool During The Next Decade Of Vehicle Electrification (AONE; TSLA; GM)".
Tuesday, February 8, 2011
Ha! They Laughed When We Posted "The Lead Acid Battery Sector Is Starting A Bull Run" (CHP; ENS; XIDE)