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Just hit 1.07. On the increase once again!
I'll be selling if he does! As I believe most would be.
Moving right along this morning. Plenty of good news still coming to keep moving it in the near future!
Good info on Colleen Brown. Thanks!
We're up a little over 6% this morning on mediocre volume.
Could be something up in the way of good news pretty soon!
I got one through Ameritrade. I started looking at it but it was way too long. I didn't have time today.
Did you look at it? Apparently there wasn't any new info there.
Good call! Either something is on the horizon we don't know, or that was a 200 DMA bounce.
Yep, it's all wait and see at this point. I'm not planning to sell for a long time, unless of course horribly bad news comes out and crashes the stock.
Otherwise, for the first time in all my years of trading, I'm fighting the trader mentality and holding longer term.
I'm still hoping the seventh board seat gets filled with a stronger retail executive. That would help move things.
I'd like to see it move up higher before the earnings report comes out to have a higher point for lift off. That's assuming of course the earnings report is very good this time.
I'd say the continued downward price drift says most everyone else is as unimpressed as I am with the new board.
Maybe they felt they needed to get the board seats filled quickly.
But then again, maybe it will prove that the new board members will actually be very successful at turning things around. Time will tell! I don't plan to sell anytime soon!
It seems that the appointment of Joseph Magnacca, CEO of RadioShack is more of a negative. It doesn't seem to be very well excepted in the media circles.
I know it made me wonder when I read it. I hope they fill the seventh board seat with some one spectacular!
Nice to see the numbers coming up again.
Well......that was fun!
Just read this story from Reuters. http://finance.yahoo.com/news/american-apparel-hopes-decide-charneys-213052717.html
According to this quote taken from the story, we should hear news of the new board members this week!
As it seeks to turn the page on the turmoil of recent months, the retailer plans to announce its new board of directors this week as well, according to the source. It will include the current co-chairmen Allan Mayer and David Danziger and most likely David Glazek, a partner at Standard General.
Nice close! The price range held up nicely for no news!
I agree! And that's why I picked up more shares when it dipped under $1.10 Friday.
Some positive news sure wouldn't hurt either! When there's a lot of drama, that tends to trump the technicals.
Yep! 1.06 hit at least twice in the last 10 minutes before close yesterday. It's the official low for the day yesterday.
Do you have a link to the article? I have limited internet here at work.
FiveT didn't sell their entire stake. I believe it was 3% that they held on to.
I just realized that tomorrow, the 18th, is the end of the one month cooling period for the Charney ousting!
Thanks. Yep, all we need is for the news to stay positive, and the PPS will just keep going.
Good luck!
I agree it will be the story to give it a good run, but the placement of other highly experienced and qualified retail people on the board will also produce a nice run up.
Another very big catalyst, (good or bad remains to be seen), is the outcome for Charney.
Also, we're less than a month away from the next earnings report. (Approximately Aug. 11th).
Yep, I know the feeling. I had Sirius XM at .05 and flipped way too quick. Had Pier 1 at .43 and flipped at .96. 4 months later it was at $10.00. Had Ford at 2.00 and flipped it way too quickly too.
This time, I'm holding APP for as long as it stays strong!
Still not too late to buy down here and hold for a while. So much potential if things unfold in it's best scenario.
Just came across this article on Allan Mayer. Interesting stuff!
http://www.businessweek.com/articles/2014-07-14/allan-mayer-helped-take-down-american-apparel-founder-dov-charney-dot-whos-allan-mayer?campaign_id=yhoo
We're stuck in that 1.28 to 1.29 range. But then the volume is way down too.
Let's see what the after-lunch volume special can bring.
If we can close above 1.30 today or soon, there's very little real resistance to the 2.00 level.
I was lucky enough to get in fairly big at .50. A triple coming soon, but I'm staying with this one as long as it's moving upward.
Plenty of catalysts coming yet. As long as the drama involved with this one doesn't turn negative!
Should be a few good positive catalysts in the next few weeks also.
1. Should be some highly qualified retail people appointed to the board. (At least one could be a woman.)
2. A new (highly qualified) CEO.
3. Charney could be cleared of wrong doing and be appointed creative director. (Maybe?) That could be seen as a positive.
4 Earnings should be out August 10th or 11th. Could be on the plus side for the first time in a long time.
Time to go long and see where this can go!
Yes indeed! If the buying volume continues tomorrow, we'll see plenty of short covering. Which of course will help it run even higher!
Nice to see things finally on the way up.
I would hav to agree with you on that. My first thought was, A little late!
With the positive news comes more negative news. It's going to be a long road back, but it's definitely looking good for the investor, since they're planning to avoid bankruptcy and liquidation.
American Apparel, Charney Sued Over Alleged Misconduct
http://www.bloomberg.com/news/2014-07-08/american-apparel-charney-sued-over-alleged-misconduct.html?cmpid=yhoo
It will be very interesting to see who the new board members will be. If they're big names in the retail business, even better!
Market closes at noon Central time today.
Not sure how widespread this recent news development is either. My Ameritrade news ticker hasn't even picked it up yet!
Plus the fact that nothing is really set in stone yet.
Not nearly as much pre-market volume as I expected, given the recent news.
We'll easily break the $1.00 mark today. Already at a solid .94 in pre-market, and it's early still.
That article said everything I wanted to hear! This is getting better quickly!
This may end up being a longer hold than I anticipated. After selling some shares to lock in profits of course.