American Apparel, Inc. (fka APPCQ)

[KingofPennies]

I think any day. Monday will let us know more. But, last Friday was a great day because the number of buyers was the same as the number of sellers. Plus, if you were watching L2, every time some selling occurred, big support on the bid showed up to prop it back up. That put in the doji and lit up the Buy-If indicator. One more good day and we should see the indicators turn positive and the buyers will come in big time. Also, let's not forget this did a quick pop to 3 a couple of days ago during the lunch hour. I'm sure a lot of those that bought in then are also buying more now to average down. Finally, a number of institutions bought in at the $3.75-$4.00 range. No doubt they are also likely to start up a lot more averaging down buying, too.