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This is dilution at it's finest. Company has diluted at the good news, I've seen it happen before. I would hold off on the buying and let the dilution end. This might go down to .06
I'm pretty sure they will sell whatever money they need at this PPS level, but they will hold off to the other shares for a little bit later, once the PPS has gone up. IMO.
OWL Creek is selling because they only invest in companies that are in distress. Investing long term is not what they do. They're not going to go out of the way of their business moto to make some extra bucks. Not to mention the fact that they need money for the legal trouble they are in now(Lawyers etc.).
I think the new board will make a positive change. They have new set of rules and ways to run the company. I'm glad that CEO change was made.
I didn't mean to say what I said to offend you. I'm sorry if it came out that way. I know charts work well for other stocks, but this stock is different. And I agree with what you said, I would hold on to this company long term. Let's see what happens on Nov. 4th.
Dude, your day trading theories and charts won't work on this stock. This will jump soon and it won't be based on charts. This will jump when OWL Creek stops dumping.
It's not going to be the next SIRI until shorts(day traders) realize that this company has BIG POTENTIAL. If this thing pops, shorts and day traders will sell and it will go back down again, which isn't good. Everyone needs to hold on to their shares and let the company succeed. That's what most people did with SIRI and that's the reason it made such a big climb.
Why are you telling us something we already know of? Looks like you are new here. And that article is dated 9/16/2011.
This is my honest opinion: The great thing about OWL Creek dumping is that it has made the PPS less volatile, it has stayed around .056 for a while. This will keep the day traders away( I know some of you here are day traders). Only the true believers of this company will take the risk with the company, and the company knows that. That way when the PPS sky rockets, people wont go on sell mode. And if they do, it will cause the PPS to go down just as fast. This company has a great bright future and the stock will be over $1 or even $3 someday. That is the reason they want the true longs to stay and the shorts(day traders) to go.
I don't think the EPS and PPS will go hand in hand. The way Owl Creek is dumping just about every day, they will be done soon. They need the money for their legal troubles, but I wonder how much they need for now. They might dump some now and some after the PPS has gone up.
Looks like OWL Creek is still selling
Support and resistance doesn't apply to this stock.
Hopefully they got all the cash they need for their legal issue. They might dump the rest next year or something.
For the first time this week, the buyers volume is higher than sellers. This might actually move up today. Looks like OWL Creek took a break or decided to not sell anymore.
That's all in my opinion. Please do your own analysis.
They got these shares in return for debt. They are in legal trouble so they need the money. One other thing, Owl Creek only gets involved with companies that are in BK trouble, and YRC does not fall under that anymore, so they have moved on. I won't be surprised if they sell half of what they have or whatever they need for their legal troubles and hold off the rest to sell later(They won't wait that long though).
NO BR, they have to sell their business. If they do, this is going to sky rocket!
http://investors.yrcw.com/secfiling.cfm?filingID=1140361-11-49958&CIK=716006
Owl Creek dumped more shares on Monday. Not a surprise. I bet they dumped some yesterday and today too.
I'm glad you learned to post something else besides "This stock will fall like a stone."
Looks like OWL Creek Keeps on selling. Whoever can guess when they're done selling can make a big big gain!
I just looked it up, they have 53,671,214 million shares remaining on 10/17. It looks like they are selling about 4 million a day. So let's they sold 8 million on monday and today, that leaves them with 45,671,214. If they keep going at this pace they will be done on 11/4/2011. And of course that is if they sold 8 million the past 2 days and continue to sell 4 million a day.
Bottom line: If OWL decides not to dump their shares this whole week and since dilution has expired, this thing can go up big tomorrow or friday to at least .09.
You're right the conversions were supposed to end today. I still think we will stay around this level because OWL Creek is still dumping, wonder if they dumped today. And didn't they appeal the delisting?
I want to see the new SEC filing of how much OWL Creek dumped yesterday and today? Then we will know how many shares they have left.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001071941&own
They are selling the whole company! PPS is going to skyrocket if they do.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7861354
FUClK!!!! I should have bought more at these levels! I knew some institution was buying!
Exactly. I've been adding, but I am running out of money so I am thinking about selling my positions in other stocks, so I can buy more on these dips.
I think I want to go burn down Owl Creeks headquarters in New York. Who is with me? If these bastards stop selling, this would jump up. I guess we have to wait for these idiots. They are a company that don't invest long term in other companies, only when the other company is in debt.
I understand that OWl Creek is dumping, but someone is massively buying all of it back in chunks, is it another institution?
How do you know?
I trust this company's analysis, they have made me lots of money.
Update YRCW: Dilution is over with, but Owl Creek is not done dumping their shares. The stock won't take a move up until Owl Creek has decided to stop dumping it's shares. It's also good to know that the investors are matching the buys with Owl Creeks sells. Look for a big spike up once Owl Creek is done.
http://www.facebook.com/profile.php?id=100003058512983&sk=wall
If any of you guys use Facebook, you should add this company.
http://www.facebook.com/profile.php?id=100003058512983
They have YRCW listed as a breakout stock. They were one of the companies that told everyone to buy SIRI right before it broke out. They give you a pretty good list of stocks. Definitely something to check out, not trying to advertise here lol.
This has potential to go up to .20 cents after the buyout is announced.
Once the official buyout news is released this will sky rocket up. Maybe sometime next week.
Who will buy this company? Are they about to reach a deal with someone?
How do you know it's buying?
Wow what's up with the After Hours? Is that someone Buying or Selling?
Which latest developments? They need to do one so they won't get delisted by NASDAQ
There won't be a reverse split till at least December. The earnings is coming out in beginning of November. This stock will keep going up big, it will of course go through bumps and bruises. All IMO of course.
It's just a bunch of idiots that are short selling after they make a couple pennies. Pretty stupid to do when the stock has so much potential
The chances of you not being that girl in your pic are pretty high, or you might be just a dude posing as that girl. Don't take it offensively, but I've seen things like that happen a lot.
Does anyone know when the pre earnings release will be?