Penny Stock Guide

American Apparel (AMEX: APP)?

Just after I bought this stock a few days ago, it seems that the stock is about to become a penny stock and the company goes bankrupt. Does anyone know what happens with them?

they are in retail clothing not a good line of business to be in when the economy is tanking all of these types of stocks do very poorly, I think Talbot is probably on the verge of bankruptcy, they have lots of debts, but soft is not in as bad shape at least when it comes to debt, but I still do not understand what would possess anyone to buy these shares if you try to create a tax loss, it's not a good time to be in stocks and future stock ownership is not looking too good I stay out of the stock market over the next 10 or 12, if I you unless you're a very nimble trader

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