YRC Worldwide Inc (YRCW)

[GuyBig]

After the close on September 17, I posted that over the next week, YRCW is more likely to fill the gap between 25.37 on July 31 and 23.01 on August 1 than it is to fill the gap between the 9/16 close of 19.82 and the 9/17 opening of 21.26.

Judging by today's action this morning on September 19, I was wrong. The low as of 10:50 AM has been 20.97. I think YRCW may touch that 9/16 close of 19.82 within the next few days.

Only 300,000 shares were sold short on W and only about 120,000 on Th, with over 4 million shares traded. That YRCW is NOT being aggressively shorted on heavy volume days says to me that the downside on the earnings report will not be severe.

I think long time holders are using rallies to get out. The sellers are people who've had huge paper losses who are not able to get out at break even. Breaking even feels great after being down tens of thousands of dollars.