American Apparel, Inc. APP
APP hit a high of of .75 on Friday before closing strong at .72, bringing our total gains on this play to roughly 50%
There was also news out this morning:
LOS ANGELES, Dec. 19, 2011 /PRNewswire via COMTEX/ — American Apparel (Amex: APP), the vertically integrated clothing manufacturer based in downtown Los Angeles, announces the opening of two more shop-in-shops inside Selfridges, one of London’s most famous and respected department stores. The new locations in Manchester and Birmingham follow the ongoing success of the American Apparel concession at Selfridges, London which opened in 2010.
BioSante Pharmaceuticals, Inc. BPAX
BPAX showed up on our radar Friday, as we stated that we were observing diligently for a bottom to form following a serious dive that still seems to have some downward momentum.
The key here will still be the timing of the upswing, which often takes patience in these instances. We aren’t getting trigger-happy yet, as we know that these things take time, and the payoff can be more than worth the wait.
Guard Dog, Inc. GRDO
We mentioned last week that we’d like to see the support hold at .0006, which it did. We are looking to break a barrier of resistance at .0009 for it to then contest the highs it saw this past summer.