KICKIN BUTT TAKIN NAMES
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Good Morning goforthebet!!
I am looking forward to .06 today
Golden cross..50/200MA
BIG moves ahead imhfo!!
Good morning all!! BLUE SKYS AHEAD!!!!!!!!!!!
About time Monday got here!!! Let's rock n roll!!!
Its VERY yummy at these levels tradernation...
I cannot believe how lucky I am to have been able to get the boat loaded under a penny..
This sucker is poised for GROWTH!!!!!!!
I'm buying more today in fact
Watch/Playlist
KDSC
ASFX
AOAG
MDGC
FWLT
LFGRQ
plenty of steam left..KDSC will be over a penny in no time
Watch/Playlist
KDSC
ASFX
AOAG
MDGC
FWLT
LFGRQ
nice website...lol
http://www.americanapparel.net/
plus they just opened on Newbury street in Boston........
Be careful..money flow into retail sector is weak at best..
however
American Apparel hits low after financing change
Monday December 22, 8:18 pm ET
American Apparel shares reach new low as analyst lowers estimate after financing change
NEW YORK (AP) -- Shares of American Apparel Inc. hit a new low on Monday, after an analyst said the company will have to pay more for financing, after it changed some terms of a credit agreement, and lowered his estimates and price target on the apparel retailer.
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The stock declined 11 cents, or 4.8 percent, to $2.19, after earlier reaching an all-time low of $2.02. Shares have traded between $2.23 and $15.28 during the past year.
On Friday, the company said it changed terms of its revolving credit and second-lien credit facilities to extend maturities of the loans for three months. The clothing retailer said the amendments give it the ability to operate while looking for more longer-term financing with its lenders and other parties.
Lazard Capital Markets analyst Todd Slater said the financing change basically amounts to extended financing granted under tougher terms. He lowered estimates on the company due to the increased cost of financing and lower retail and sales estimates.
He now expects 2009 earnings of 51 cents per share, down from 60 cents per share. Analysts polled by Thomson Financial, on average, predict a profit of 52 cents per share.
"Though we believe American Apparel operates a resilient and geographically diversified model, heightened sensitivity to the weakening global macroeconomic conditions can't be ignored," wrote Slater, who rates the company "Buy."
He lowered his price target to $14 from $17.
APP
Looks interesting..MFI crossed but needs a little more confirmation for me to jump on it just yet
LFGRQ should be bouncing is correct...I like this one especially from here...
Considering that my company is not, nor am I being compensated in
any fashion for ASFX, I really don;t see your point.
LFGRQ
FWLT
MDGC
AOAG
ASFX
KDSC
KDSC
ASFX
AOAG
MDGC
FWLT
LFGRQ
OTGO
CSSV
interesting
thanks Arnold
It's getting there..thank you texas ripper
Well then I must say I strongly disagree with your post
in fact ASFX is one of the featured company's on my newletter
that's how confident I am
http://premierstockconsulting.com/Newsletter/
GMAC quiet on bailout hurdle after deadline passes
Saturday December 27, 3:47 pm ET
By Kimberly S. Johnson, AP Auto Writer
GM's finance arm GMAC remains silent on final bailout hurdle even after key deadline passes
GRAND BLANC, Mich. (AP) -- Even after a crucial deadline came and went, the financing arm of General Motors Corp. remained silent Saturday on whether it cleared a final hurdle to become a bank holding company and gain access to billions in federal bailout money.
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Analysts have speculated that if GMAC Financial Services LLC doesn't obtain financial help it would have to file for bankruptcy protection or shut down, which would be a serious blow to parent GM's own chances for survival.
GMAC had received the Federal Reserve's approval to become a bank holding company earlier in the week, but the approval was contingent on the ailing auto and home loan provider completing a complicated debt-for-equity exchange by 11:59 p.m. EST Friday.
In an e-mail early Saturday, GMAC spokeswoman Gina Proia did not provide any specifics.
"The offer did expire yesterday at 11:59 p.m. as planned. We have not yet issued final results but intend to in the near term. I have no further comment on the exchange until then," she wrote.
Becoming a bank holding company would both qualify GMAC to access the government's bank rescue funds and support GMAC loans to car buyers and GM dealerships. GM owns 49 percent of GMAC.
The Federal Reserve apparently needed to see that bondholders were willing to inject more capital into GMAC. The bondholders needed reassurance that the Fed would approve GMAC's application to qualify for federal aid.
If the auto lender failed to meet the exchange deadline, the repercussions for General Motors could be dire, according to Erich Merkle, an auto industry analyst with Crowe Horwath LLP.
General Motors' ownership of GMAC has kept the finance arm lending to dealers and car buyers, even as credit from banks has dried up. If GMAC goes under, other institutions aren't likely to step in to replace the credit lost by GM's dealers and customers, Merkle said.
"It would make a difficult selling environment for GM that much more difficult," Merkle said in an interview Saturday.
More than half of all new vehicle sales in the U.S. involve loans made at the dealership through financing entities like GMAC, said Tom Libby, an industry analyst at J.D. Power and Associates.
"When that source of credit dries up, it has an immediate negative impact on the industry," Libby said in an interview.
The Fed's action Wednesday came as GMAC was struggling to get bondholders to convert 75 percent of their debt into equity of the company.
GMAC's goal is to reach $30 billion in capital, the majority of which would come from the exchange of debt. Another part of the equity requirement included a demand from the Fed that $2 billion of the total come from new equity. So far, GMAC has received a commitment of $750 million from GM and Cerberus Capital Management. It's unclear whether that funding would come from the bridge loans the U.S. Treasury granted GM and Chrysler LLC -- which is owned by Cerberus-- earlier this month.
GMAC has not said publicly how much it was requesting from the $700 billion bank bailout fund. CreditSights analyst Richard Hoffman estimated in a research note Friday that GMAC "could have applied for up to about $6.3 billion."
The Fed order says GM will reduce its stake to less than 10 percent of the voting and total equity interest of GMAC. GM's remaining equity interest in GMAC will be transferred to an independent government-accepted trustee who must dispose of the equity held in the trust within three years of the trust's creation.
Cerberus, which led an investment group that bought a 51 percent stake in GMAC from the automaker for $14 billion in 2006, will reduce its stake in GMAC to no more than 33 percent of total equity.
Associated Press Business Writer Jessica Mintz in Seattle contributed to this report.
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FWLT
smart post....which is one of the reasons I am jumping on this badboy right here
I agree that the money flow is definetly NOT ihub money BHS as
although you tried drawing attention to this at $.01 people
took their sweet ole time getting, myself included.
I see a dime coming near-term though and once it bases at a
dime, .25 is within reach.....I love this stock at these levels
especially with the price of gold bottoming and finally moving
northward...can only help propel this to that .25 area
that would suffice..lol
yup..the pr's will smoke the sideline sitters out quickly
i do expect some 3-7 mil days in January without question
if we don't base over a nickel by end of February I would be
very suprised indeed
my pleasure frenchee
anyone that's serving deserves a thank you
i wouldn't suggest them then, but do read up on them
can be very profitable but also can get your clock cleaned
http://investorshub.advfn.com/boards/board.aspx?board_id=5176
First off, need to state the one and only obvious thing which is
that regardless of the information you present is that the chart
shows how it traded..doesn't matter who/what/why..the chart is a
reflection of the trading..it is the sentiment of the trading
there was only 1 bid at 0050 so another idiot dumper could've
wiped the bid out
As much as I trust Charts, these "tell tale signs" and numbers do not show up on the Charts
everything shows up on the charts.......everything
Either way, I am also very long on this stock and happily will
be adding anything under a nickel
m adding monday and picking up some calls as well...