Evidently March is looking good! IMO we will see $2.25 in April. There must be great sadness in Ignorseville these days as the PPS of APP continues to move up.
Funny how Sniffer tries to appear as me with his bigottlmista ID. I see he does it to everyone. I guess he just wishes he could be someone besides himself. Too bad, that will never happen.
Here is the news:
01:08 PM EDT, 03/21/2013 (MidnightTrader) -- American Apparel (APP:$1.96,00$-0.01,00-0.51%) is up 3.5% to $2.04 after earlier setting a new 52-week high of $2.12, after reporting a 6% gain in same-store sales for February, its 21st consecutive monthly increase. The company said comparable sales in its retail stores climbed 3%, while its online sales surged 28%. Wholesale sales fell 3%, mainly because of the effect of an extra shipping day in the comparable month last year.
The stock could keep moving up a little farther based on positive sss for march and the money that has been pouring into the market, but the first quarter numbers should be released on May 6th and it is possible that they could announce preliminary numbers earlier.
If the stock is over 2.00 on April 1 it is possible the that paper loss from revaluing the options in the first quarter could break 20 million added to a possible 5 million dollar actual loss as the first quarter is the lowest sales quarter of the year.A 25 million dollar loss for the first quarter, even if most of it is on paper could cause many people to head for the exits.
I am trying to figure out a good exit point for the second half of my holdings and then will be looking for a re-entry on a possible pull back on the first quarter numbers.If it doesn't happen, I am not going to complain about 100% or greater returns in 6 months.
The pissy little imposter of everyone really seems to be getting his panties in a bunch here.
Evidently he never has taken a basic econ class.
Since there are the same number of buyers and sellers in the basic supply demand model at all points along the axis, the supply demand imbalances are shown by the price movements as the market moves to stay at equilibrium between buyers and sellers.
If there are more buyers the price rises to attract more sellers and vice versa.
For someone who might have trouble understanding a very simple concept, it just means since there are more buyers in the market than sellers the price being paid has to rise to attract additional sellers of the stock, buying pressure causes stocks to rise.