Trade Smart!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
My chart is showing a great run coming.
We need a huge amount of buyers to get this thing moving, yesterday people sold millions of shares at once. I like the activity today, but this has to go down before it pops back up.
eastunder are you in?
Chart looks amazing!
.261, lets go!
Let's go buyers!
Needs to get past resistance .259. Come on buyers! Lets take this over
Potential up is amazing
Ready for take off
It can happen, but SIRI came out with very good news prior to the pop. Unless YRCW comes out with some great news, I dont think it will pop until it goes into the 3's.
I would love for it to pop here, but I think it will hit the .03 range before the big pop.
Yeah, and the funds will try to dump as much of the old convertibles before the new ones kick in. They will be dumping heavily after the R/S. Some of the funds didn't even dump one single share yet. So the time to buy is now because you know they won't dump before the R/S, they havent dumped since 11/4, that just shows they are waiting for the pop. If they really wanted the price to drop more before the R/S wouldn't they be still dumping right now? You don't make sense. The best time to buy and make a quick profit is now and sell before the R/S, and the only way buyers will come in is if it hits the .03 52week low.
Death Spiral Financing. Read about it more. Owl Creek was in trouble with it before with WAMU. And if you understand what it is, they make money by dumping their shares and getting the price low enough for the next convertibles to kick in, so the next convertibles fall through in April of 2013 and .11, so if the price goes down to .11 after that date, all the funds will get millions and millions of more shares. So expect the price to go down after this R/S back down to .11 by 2013, then they have to do a R/S again. This will continue until YRCW pays off it's debt and then they can expire the convertibles and get rid of Owl Creek and Catalyst. Not saying that they can't do that until 2013, but it will be hard. The time to buy is now and dump before or a short while after the R/S to make any gains. Owl Creek and Catalyst won't dump now because they know if they keep dumping at these prices they will scare of any investors and they won't be able to get rid of any more shares in the future. If you have traded penny stock for the past 15 years, you would know what's going on. The pop won't happen until the price goes close to the .03 range, and of course it needs to catch the eye of day traders and investors to move up. After the R/S the massive shorting and continued dumping will bring down the PPS, the funds goal would be to get it down to .11 by April 2013, unless YRCW can get rid of all their debt before that and expire the convertibles. That can happen with a massive profit from the upcoming quarters or a buyout.
Yup, told you charts wont work on this stock. I'm expecting it to go to .03 and then this is going to pop.
Not sure why the stock is down so much
Sure? I'm new, so I'm trying to figure things out
Does this company have any debt?
http://mahalanobis.twoday.net/stories/648331/
Read the link. The reason why I think this will pop before the R/S is because they need to get back investors in this stock, the only way to do that is to let it pop up before the R/S, this way it will catch the attention of investors. But now it seems like the stock will catch peoples attention when it hits .03. IMO, I might be wrong.
Buyout is a possibility though, that would be great.
I don't think it will be a buy out. Go research on Death Spiral Financing, there is a reason why the funds are dumping
They want it to tank down to .03 before any big bounce up.
Today is just the start. It is going to start slowly and then it is going to abrupt soon.
I know exactly what the funds are doing here.
They are going to let this pop before the R/S. It makes sense for the lenders, there is a reason why they stopped dumping. The low volume is also a good initial sign.
The funds haven't dumped since Friday the earnings day.
Yeah, I've been buying on dips, from .06 to .04.
Don't listen to the negative posts, people trying to take your shares.
If you are looking for a pop, the pop is going to happen before the R/S. The PPS might drop down a little before it pops up big, but it is going to happen. I wouldn't count on anything after the R/S.
Good luck with that. Not a good idea.
Buying at these prices is a kill.
R/S will happen, but this is going to pop up to at least the .35 range before it.
The funds are done dumping, they haven't dumped since last friday. They have been dumping everyday since september 16th. What does that tell you? They have got the money they needed and now this is going to pop. I'm going to buy more at these levels.
Yes. Siri was planning a R/S but it's stock popped up to over a dollar, so they never did one.
I'm liking the low volume, the lower the volume means less shorts.
Yeah, all the funds dumping really killed us all. I'm still in, waiting for a pop.
Congrats to whoever got in at .47, this is going to pop upto $1.50 and above.
I think it's MMs trading between each other. I get a feeling that there will be a big sell off at the open, no one seems to have confidence in the company, I hope I can sell mines around .70.
How are people trading this OTC at the premarket?? This would pop up higher at the open if they didn't. Anyone know?
I bought 20,000 shares at .30, and I'm selling it all at .70 at the open. I don't want to be stuck in the massive sell off that seems like it will happen. Everyone's intentions is to sell, this isn't like DNDN where people believed in the company and held on.
No SEC filing this week from any of the funds as of yet. This is interesting.