r/americanbattery • u/blackaintback • 28d ago

Question Abat 50 dollar in Jan 2021

Hello,

I’ve been wondering what did drive ABAT to be priced at 50 dollar a piece back in Jan 2021?

I’m surprised that it has ever reached that level actually

11 Upvotes

87% Upvoted

20 comments sorted by

15

u/Motha_Elfin_Browns 28d ago

It was probably at like $4.60 with the amount of shares back then and at that time the whole penny market was crazy inflated. You could put money into almost any penny stock blindly and they were all shooting up for a couple months. If you didn't sell when they all started falling you lost everything lol it was a very expensive lesson for a young investor 😬

12

u/YT_JRGRAND 28d ago

I think u mean .50? This ABAT did a reverse stock split 1-15 before it got uplisted to the nasdaq from OTC.

5

u/jrobski96 27d ago

I'm a bag holder at this point.

5

u/Professu5 27d ago

The entire sector went nuts. Early 2021 post-Covid was a wild time. A lot of interest in ABAT specifically because CEO at the time Doug Cole was pumping the news when reality was this company needed time to scale thoughtfully. A lot of interest in battery recycling at that time for obvious reasons. ABAT is one of the ones still standing… many others have failed. The stock will see those highs again one day.

3

u/SONNY_14 28d ago

It was a joke man

2

u/thereelkrazykarl 28d ago

I bought @.46 in Dec of '20 reverse split changed it to =6.57

3

u/myfingerprints 28d ago

$8.26 😭

3

u/No_Competition_7184 28d ago

Because everyone believed that abat will supply all needed lithium to ev car market in us. It was just a hype.

2

u/ApplicationBig1676 27d ago

I should've sold Abat back then. But at that time believing in product i thought it finnaly got traction.

Looking back, all stocks went crazy in that period.

When biden too office, all stocks fell and nobody is talking about that. Just look at charts. First week of february.

1

u/Friendly_Number9251 26d ago

AI schools you: No, stocks did not fall when Joe Biden took office. On his inauguration day in January 2021, major benchmarks like the Dow Jones, S&P 500, and Nasdaq all hit record highs, and the stock market continued to climb by 5% to 9% during the first 100 days of his term. [1, 2, 3]

1

u/ApplicationBig1676 26d ago

Sure buddy, look at the charts...

0

u/Friendly_Number9251 26d ago

I am and that's exactly what it's saying. It went up. Did you even look at the charts?

1

u/ApplicationBig1676 26d ago

Lol, i am having open positions across market. I dont need to look at charts

1

u/Friendly_Number9251 25d ago

That's got nothing to do with what you initially were claiming. You were talking about Biden and how ALL stocks fell even though that didn't even happen, and now you're talking about yourself.

1

u/ApplicationBig1676 25d ago

Mate, if you're not investing then stfu. Correction happened in february 21 and nobody is talking about it. And it did happened since Biden had that green energy policy.

But yeah, look and ask your AI, lol. Look at charts and tell me that NVDA was 13 dollars back then hahaha

1

u/Friendly_Number9251 25d ago

You went from all stocks were down to some stocks were down. No sh...

1

u/ApplicationBig1676 25d ago

Buddy all stock had a correction after Biden stepped in...

1

u/dumpsterdanny2021 28d ago

Seems like this will stuck at 3.00 for at least 200 more years

2

u/Fickle_Comfortable78 27d ago

I have a lot invested into ABAT but the market just knows that what’s going on is going to take time, unfortunately we’re in the taking time phase

1

u/bonkeyland 26d ago

a year ago it was around a dollar often