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American Apparel, Inc. Message Board

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  • hageneriksson hageneriksson Sep 12, 2012 6:49 PM Flag

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

    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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