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Yup, I see it too now. I'm glad we are getting rid of the people that panic.
Selling volume is pretty low today.
Well we don't know if it's people selling or one of the funds.
I don't recommend this stock to shorts, they will lose money in the short run. So shorts keep away or be doomed.
Yeah, even with all the buying that has occurred today, the ask hasn't been raised. MM needs to do what he did at the end of the day yesterday. This is going to go up high today.
I'm liking the low volume today.
Even if this goes to .12, I'm still going to hold strong. I don't want to be like those SIRI guys that sold early and it ended up going to $2.
Tomorrow and Thursday are the only days left till the earnings report comes out on Friday before the market opens. I'm looking forward to the conference call, we can find out what's been happening lately.
Yup, they kept raising the bid. I think they let the buyer accumulate as much as they want at around .05 and decided to take it up at close.
The ask just went up to .0585 at close. I wanted to accumulate more at the .051 level. Oh Well
I don't think we will know anything, if there is anything, about the buyout until they are done buying. But I think we will know before the R/S happens. That is a good strategy by YRCW, that will keep the PPS from going down after the R/S has occurred.IMO
Yeah BK is out of the question for at least a couple years. That was the reason they did the restructure.
Look at all the accumulation at .0512-.0515 range. A lot of buying, but no move up. It is getting obvious here.
One of my truck buddies told me that there are rumors of a buyout or something close to it when he spoke with a couple YRC Truckers. Wonder how much truth there is on that, Have you heard anything GreenDragon?
I think people that buy and sell on what others say are stupid to start out with. Always trust your gut feeling and do your own DD
They projected those a while back, and that's all they are projections.
Yup. someone is accumulating at these levels
Well the whole market is down, so I don't expect YRCW to be up.
Your money and your choice. I will keep buying on the dips.
I think Owl Creek and these other funds selling now might be good for us long term. They might stop their selling after the earnings release or they might continue. Owl Creek and other funds got these shares during the restructure in exchange for debt.
The whole market sucks!
Catlyst Fund and Owl Creek know that they can sell their shares at higher prices. Look at all the buying volume everyday. Most of the selling volume is from them. It seems like they are selling at these prices because they are letting someone accumulate/buy at these prices. I don't know why, but it seems like they both are in it together because the day Owl Creek sells, Catlyst funds doesnt, and vice versa. And YRC Worldwide might know what's going on too.
That's a very good thought. The meeting is still a month away.
Looks like all the selling today is coming from the Cincinnati Stock Exchange.
It's funny how the day Owl Creek decided not to dump, Catalyst dumped. And the institution bought it all up. It seems like it's all planned out. I see very low chance that retail people, like us, have been buying millions of shares each day for a month.
I'm pretty sure they know Owl Creek is dumping. So they have been buying whatever Owl Creek has dumped. And they have been buying basically everyday. They wouldn't have been buying at these levels if they thought that it would tank. IMO.
IMO the institution, that's been buying all these shares, wants to buy before the R/S happens. So they might announce who they are before the R/S occurs and that might be their strategy to skyrocket the PPS. Let's see what happens.
That is great. And they all are for immediate positions. Looks like the buyout is confirmed, the news has just not been out. IMO, let's see.
They got those shares from the restructure and not the open market. So that's not it. There is someone else buying for other reasons.
There is obviously people or someone buying. And we all know who is dumping. And this isn't going to .01 that is ludacris to think it will. It will only go up, the company keeps showing signs of improvement. I will keep buying on the dips.
Well YRCW received those shares from the restructure. There is no way they would buy those shares out of the market. So that's not it. It's some institution that's been buying, but hasn't revealed itself, I think we will find out once they are done buying. IMO
Exactly, I think eventually we will find out which company has been buying all this time.
Because Owl Creek is selling. It's common sense and something you obviously lack, if someone wasn't buying all those shares that Owl Creek dumped wouldnt it be close to .01 right now?
That one day it went from .035 to .079 was the day OWL Creek didn't decide to dump. People or someone has been buying in chunks for a while, the problem is Owl Creek has been dumping the same amount. If they're done dumping the amount the want to dump, then this will go up, and it will happen before the R/S.
How many R/S have you seen? I don't think you know much about them. And you're saying people are holding off till the earnings? So if people are holding off then who is buying all those shares for the past month? What about today? 10mil shares bought.
Actually someone is buying back all the shares, that's the whole discussion.
Dilution from the restructure has been done for a while, this is just owl creek dumping.
Owl Creek isn't interested in all that. They are a fund that helps distressed companies, YRCW doesn't need their help anymore, so Owl Creek is moving on and getting out of YRCW.
This stock isn't really for people that don't have faith. That's why it's good to get rid of all the shorts.
The buy volume is about 1,600,000 more than the sell, yet the PPS is down.