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American Apparel, Inc. Message Board

  • hageneriksson hageneriksson Sep 11, 2012 4:13 PM Flag

    new 52-week high - strong volume - close at day highs

    next big catalyst (apart from continuing strong sales results) should be better than expected quarterly results followed by the refinancing of the company's high interest debt. Would expect the stock to move above $3 if management continues to deliver on its goals.

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    • stock will have to work through the $1.50 "psych" level in order to stimulate further buying but might experience some short term resistance at this point. Stock is beginning to look a bit overextended short term. Would wait for some profit taking to initiate new holdings. Still expecting this to reach $3 after debt refinancing and further business strength.

      Other small cap apparel names in advanced turnaround mode include PSUN, JOEZ and DLIA which are all worth a closer look, too.

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