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Yes....I can answer them!
I'm not following your logic. That makes no sense!
Thanks for the suggestion and your confidence in me on your PM. Unfortunately, since I no longer have a subscription to Ihub, I can't reply to your PM, so I'll reply here.
I wouldn't have the time either, since my plate is overflowing these days. In fact, I'm replying from work right now, and probably shouldn't be! :)
I seriously doubt this is a pump & dump. I've seen and been burned by enough of them!
Lonestar Resources just started trading on the OTCQX last week. If you look at a daily chart, you'll see the volume and PPS has been increasing since they went to the OTCQX.
Being on the OTCQX means they have to be fully financially transparent and reporting. This will attract more institutional buyers and investors.
I do a lot of swing trading, but this one will be a much longer hold.
Definitely NOT a P&D!
Same here. I held back some dollars in case it still comes down more. Otherwise, this still seems to be a good price to pay.
The price seems to want to settle in at around .40 after the big run up yesterday. And that's where I just bought in at.
It's also good to see that the drop was on much smaller volume than yesterday's run up. A lot of people are holding their shares. More investors than traders!
Thanks Jugs for the other stock mentioned. I saw that one already in the article in Seeking Alpha. Been looking at that one too, but decided to go with this one and stick with just one oil play.
I don't have a subscription to IHUB anymore, so I couldn't reply back to your PM.
Great plan! Maybe I'll go shopping for some candy too! :)
One more point for waiting to buy is that 9 times out of ten, these stocks that open up on a gap from the previous days close tend to fill that gap within the next few trading days, if not sooner. I'll wait and see.
I would still be willing to buy in the low .50's later if none of this materializes.
Actually, .59 is the HOD so far. I feel that this definitely has the potential to move up nicely in the near future too, but I know that being patient will bring me a better price. Which to me means more shares and more profit.
I haven't seen enough yet to decide whether this will be a swing trade or a longer hold.
I have a buy order in for .38. Waiting on the inevitable profit taking dip.
If it never happens, I'll have to consider a higher buy.
I think I'll wait for the hype from the Seeking Alpha article to settle first. There will be plenty of profit taking soon, and the price will come back down to Earth.
I'm seriously considering a starter position here myself.
Here's a link to the Seeking Alpha article referred to in the opening post for this stock. http://seekingalpha.com/article/2255893-lonestar-resources-is-the-next-multi-bagger-getting-ready-to-rock-in-the-lone-star-state
I should clarify my last response. There are listing requirements for the AMEX (NYSE MRKT), but I don't believe being over $1.00 is one of them as YUKII stated.
YUKII gave you the wrong answer. Here are a couple of news articles from April 16th and 17th of this year about their being compliant again with the NYSE.
http://finance.yahoo.com/news/american-apparel-receives-letter-nyse-200500692.html
http://www.cnbc.com/id/101592119?__source=yahoo%257cfinance%257cheadline%257cheadline%257cstory&par=yahoo&doc=101592119%257cAmerican+Apparel+once+aga
Very good indeed! Almost half of today's shares traded were traded in the last 15 minutes of the day. Something is coming next week.
Plus the price has held to 50 MDA support all week.
I saw this article written in The Street. http://www.thestreet.com/story/12719939/1/4-stocks-under-10-making-big-moves.html?puc=CNBC&cm_ven=CNBC
Here's the part about American Apparel.
American Apparel (APP_), designs, manufactures, distributes, retails and sells branded fashion basic apparel products, and clothing and accessories for women, men, children, and babies. This stock closed up 6.3% to 65 cents per share in Thursday's trading session.
Thursday's Range: $0.57-$0.66
52-Week Range: $0.46-$2.17
Thursday's Volume: 2.12 million
Three-Month Average Volume: 2.65 million
From a technical perspective, APP bounced sharply higher here right off its 50-day moving average of 61 cents per share with decent upside volume. This stock recently pulled back from 75 cents per share to Thursday's low of 57 cents per share with light downside volume. Market players should now look for a continuation move higher in the short-term if APP manages to take out Thursday's intraday high of 66 cents per share with high volume.
Traders should now look for long-biased trades in APP as long as it's trending above its 50-day at 61 cents per share and then once it sustains a move or close above 66 cents per share with volume that hits near or above 2.65 million shares. If that move kicks off soon, then APP will set up to re-test or possibly take out its next major overhead resistance levels at 75 to 82 cents per share.
This is being held at a pretty tight price of .63 to .64. I'm betting another institutional buyer is accumulating right now.
Why is that?
Probably because it's still a week or more away. Once it's officially announced, I would think we should see an increase in volume.
http://www.nasdaq.com/earnings/report/app
As for after hours being down 18%, that was most likely 1 trade at 400 shares. Hardly anything to worry about. Pretty much meaningless.
In my opinion, this is holding it's price very well, considering no news for a few days now. Although, the longer we go with no news, the more it will drift down.
Low volume today. Most are holding onto their shares waiting for the next leg up.
All good! Plus we've moved away from getting into the oversold area on the RSI.
All we need is another good news item to get the next run up going!
Right back up again. Almost back to .70. I love the way this is holding onto the gains so well.
You bet! I found it interesting and encouraging.
Some interesting reading on American Apparel for the weekend while the market is closed!
A different story on the OAK store opening: http://nypost.com/2014/04/22/brooklyn-boutique-gives-ailing-american-apparel-a-boost/
A story on American Apparel's Instagram account: http://www.businessinsider.com/american-apparels-popular-instagram-feed-2014-4
New highs today would be great. But then a retrace is certainly healthy too after the big run ups.
Nice to see APP holding it's gains so well here. A very bullish signal.
Bounced nicely off of .70. Could still see the .60's with the market struggling today!
So...just curious. What exactly on the chart tells you we're going to $1.00 today? Looks like a retrace day to me. Judging by the trading action.
Plus the 50 day moving average is right at about .68. The last 2 days it hit it and couldn't break. Today, it's already broken through nicely!
A break and close above the 50 day MA would be a very bullish sign. Next up is the 100 Day MA sitting at about .90.
If you do a search on analysts covering American Apparel, you'll see most are giving them a 1 year target price of 1.13 to 1.50.
Sure looks that way. A repeat tomorrow will help confirm that.
It sure would be nice to see the PPS start moving and trending upward. The 30 million share offering has got to be done by now!
Nice article that came out just at the close today. Very informative. After Hours was up .066.
http://www.bloomberg.com/news/2014-04-08/american-apparel-ceo-finds-new-believer-just-in-time.html?cmpid=yhoo
The deadline for approval is April 15th.
Personally, I think it gets below 6.50 tomorrow. It might sell down some the Friday and Monday before the 15th in fear of FDA rejection.
I'm keeping some cash available for a dip. I put a buy for $7.00 in this morning knowing it would dip in the first hour or so.
I'll just post the main part of this here for quicker reading. Any thoughts?
The Dolan Company and Certain of Its Subsidiaries to File for Prepackaged Chapter 11 Reorganization to Achieve Comprehensive Debt Restructuring
8:30a ET March 20, 2014 (Business Wire) Print
The Dolan Company (OTC:DOLN) and its subsidiaries (collectively, the "Company") announced that it, along with certain of its subsidiaries, has agreed to a comprehensive balance-sheet restructuring with its secured lenders that, among other things, will allow the Company to continue honoring obligations of its employees, customers, and vendors in the ordinary course of business. The proposed restructuring will allow the Company to achieve a capital structure that will allow the Company to grow its business into the future. To implement the restructuring, the Company and certain of its subsidiaries intend to file voluntary petitions for a prepackaged chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. The Dolan Company's e-discovery business, DiscoverReady LLC, will not file a chapter 11 petition and its operations will not be affected by the proposed chapter 11 process. The filing subsidiaries and DiscoverReady will continue to operate their businesses as usual in all respects and the restructuring is not expected to have a negative effect on the Company's operations.
On Tuesday, March 18, 2014, the Company and its lenders and certain of its swap counterparties executed a restructuring support agreement that sets forth the material terms of the chapter 11 restructuring and secures the support of the secured creditors for that process. In accordance with the restructuring support agreement, the Company commenced solicitation for votes on the chapter 11 plan from the Company's secured creditors, the only parties entitled to vote under the plan of reorganization. Solicitation is expected to conclude at the end of this week. Upon securing sufficient votes to accept the chapter 11 plan, the Company will seek relief under chapter 11. The chapter 11 plan process will allow the filing subsidiaries of the Company to deleverage its capital structure by reducing its projected secured debt obligations from approximately $170 million to approximately $50 million. The restructuring support agreement also secures support from the lenders to refinance DiscoverReady's capital structure with a $10 million unfunded secured revolving facility. The existing preferred and common shares will be cancelled and will not receive a recovery in the chapter 11 plan. Importantly, the Company will continue to provide its usual, high-quality services and products to its customers through this process and, as noted above, will continue to pay its vendors, employees, and other ongoing obligations in the normal course of business, and none of these parties should be materially affected by the chapter 11 filing or process.
After emergence from bankruptcy, both The Dolan Company and DiscoverReady LLC will be privately held companies.
Well....here it is!
http://finance.yahoo.com/news/dolan-company-certain-subsidiaries-file-123000444.html
The Dolan Company and Certain of Its Subsidiaries to File for Prepackaged Chapter 11 Reorganization to Achieve Comprehensive Debt Restructuring
It seems people are getting nervous, (or maybe wise) and selling all or part of their position.
Funny, last week no news was good. This week, the longer we go without news is not good.