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These are the volume guys, they own a lot of shares. They move the price around to lure the big fish. There was not $50 million of YRCW bought today - there was no panic selling - just moving of shares back and forth.
Now they got a few bigfish and will try to shake them. I think they'll need to go lower to do so. If the shake works, they will grab back the shares they sold big fish and go to sleep for a while.
You and me just caught in crossfire - just got to try move with it not against it. Take profits when they present themselves - grab some more when it bounces.
Company has a lot of catching up to do with investment of capital equipment, debt payoff and making good on worker concessions. This catching up will require an increase in expenses, more notes and some other things that will prevent shareholder equity. They can not afford to provide sharehold equity - they have too many others in line first. Until they get on some solid ground we will continue to see these types of swings generated by these volume guys.
The slowest most painfull death I've seen in these parts.
Hey - speaking of my gut, did anyone log into comcast today and see that picure of Stallone and Willis ? Jeeze - I thought I was looking old.
I'm trying to "penny" flip this because that is my history with it. Have gazzions of trades logged at 20/12/40/60/75 cents. They can reverse split it all they want but it is still a penny to me.
And... Look at these swings.
Now just because I am trying, doesn't mean it's working. However, I'm comfortable with how much I'm playing with so there is very little stress.
As far as your target, well 8x in 9 months - been there, done that. If it happens, great but to plan around it=not good plan.
All that said, I believe/guess today's financials were a result a necessary "pull back" on the quarterly accounting choices that have to be made. This "pull back" if it exists, to me shows some resonable "suck it up" accounting that means they are confident that the top of the hole is in sight.
Decline in revenue is due to the scaling back of services - The unprofitable ones.
All this from the gut -and it ain't getting any smaller.
I had previosly stated -
"I'm thinking they'll take the price up pretty high before then [Earnings] so now would be a good time to grab some to flip out at your targeted gain (easy 6% if you are fast enough)."
That did not happen - I zag they zig.
Well - this has not gone at all as I had thought. Never been through an earnings on this where things didn't relatively crazy. See you all on the other side [AGAIN].
Trust me - this is not one to play by the charts.
Looks like Lasry's computers lost today's round. They'll be tuning those trading formulas heavily through Wednesday. Looks like conf call starts at opening bell. I'm thinking they'll take the price up pretty high before then so now would be a good time to grab some to flip out at your targeted gain (easy 6% if you are fast enough).
Big Kahunna Lasry in for 36 million (or is it 3.6?). Either way, it will be his computers against thiers. Let's hope he doesn't bail. Game is defintely on now. Wouldn't be surprised to see earnings report during active trading session.
You forgot "Dude, Where's My MONEY?"
This last run late in trading has me almost certain this will be trading just as it did a few years ago. It was a very good time to be flipping quickly. It would appear that anything under 29 would be a good grab to sell prior to earnings. Day before earnings could get real crazy. Day after - look out.
Yes they are trading back and forth. Keep in mind they most likely have positions back from 12. If that is the case, they can take huge hits that they will leverage. I also think they have positions from over a 100 they are chasing. They are waiting for the big kahunna to jump in pool/pond - they know this ticker better than most and they determine price. Need to flip with the flow - not the news. At least that is the way I see it.
Dats Da Dip
Been in for 3 years now. When I got in, price was about $50 (70 cents? pre-splits)snd it looked like Bankrupcy for sure. Now, not so much. Shares have been diluted some since then and probably will be diluted some more. Market cap still low.
Like I said, I've lost way too much here to be thinking clear enough to trust anything. Gut says grab all I can now to get out of the 20' hole I got myself into but make sure I have a 40' ladder - I don't have a 40' ladder anymore.
Not all back in yet. Got most shares autotraded out at 24 and had to sit in tax penalty box for a while. Still having difficulty thinking out of the box. Earnings coming up soon and volitilty will most likely be upon us.
It's at 30, I have a share or two left from 2k. When I bought at 2K (like 50 cents (pre-splitS) back then, company was in worse shape, so going from 30 up to 100 is not a great leap for me.
Burned myself bad here and still licking wounds. Not looking forward to earnings - they may have had to borrow from Paul to post good news to us Peters in the last few reports and may need to grab a bad quarter to reset momentum curve. OR we go through the roof which is due at some point if economy keeps up.
Best case scenario for me is that report is bad technically but good fundementally, the curtain guys turn the dial to left for a shake and shazam - the dip looks good for a grab.
Good luck to you !
These aren't people selling - it's a bunch of computers with big dials that the guys behind the curtains tweak. One guy's algorithm against the other's (and we are not talking chump change). We are just in the crossfire here. Move with the algorithm if you can.
.93 was a pipe dream.
Sheep? I resemble that remark.
Long live the Commissar.
Like the man said - buy the dip!
Ooops - a very old sell (all) order kicked in at 24. Now need to wait 30 days. Can you good folks keep it down for a while ?
Got burned here to the tune of 20K so am a little jaded. As far as BK - YRCW biz is a servant to the economy. Economy good = YRCW good and visa versa.
From what my limited (but vested) awareness of this one tells me is this - there are some very heavy pockets owed a lot of "repay" for keeping this stock alive. Common Joe is at the end of the line for payoff. I've seen this thing get cut by 20 and more to pay those guys. Just have zero trust that the "powers at be" will reward us Joe's in any big way.
That said, things looking REAL GOOD here.
Trinkets and T-shirts from China. Too many middlemen for shareholder profit. I still maintain that most of you folks are Hanna herself talking/trading amongst herself.
You should be proud of growing sales outlets - not so much so about your shareholder's non-equity.
They have been off the index for three years now (price was .23 pre-splits when removed in June 2010). Apparently they are back = good sign.
Like the man said - buy the dip!
Got out ... After all that .. I got out
Never really had the stomach to calculate ave price.
Here's one share at 3,340
Yrc Worldwide Inc yrc worldwide inc 1 $3,340.21 $3,340.21 $19.48 -$0.72 -3.56% -$0.72 -$3,320.73 $19.48
and 2 more at $2,814
YRCW
Yrc Worldwide Inc yrc worldwide inc 2 $2,814.69 $1,299.13 $19.48 -$0.72 -3.56% -$1.56 -$2,775.73 $38.96
and 59 at $214
59 $214.19 $12,637.32 $19.48 $1,149.32 -$11,488.00
-90.91%
Funny thing is fundamentals are way better now than when was at 3k/share (AND TRADING HEAVILY).
It's not a fantasy - it's a nightmare and I need $3000k/share to get out.
I am Hanna and I like myself. I do and I do for you kids and this is the thanks I get?
It ain't real people moving this! It's a group of players. They don't sleep - they hover. They can see you right now! They know what you are wearing. Best to be having good undies.
All I know is I put money down while there was a picture of a test tube on a work bench. A test tube on a work bench ??? I gotta get a clue one of these daze...
Well, I just might just be a believer here. When your holding shares from 3000/share- you might think that a 50/share is doable.
This is how you do it.
If you are going to save 25 million / year, you will have to invest at least double that. If break even is under two years, in all liklihood - the cost cuttting measure has all ready been implemented. So if break even is 2 years, you are doing good. Only in the third year (on a 2 year payback) do you realize savings.
If I am correct and history repeats itself on this one, we'll see wild swings with these volume guys. This is just the beginning and just when you think you're in the green - BAM! - dilution, notes, union and everything else from Left Field. Managment can only put stockholders at the bottom of the priority list behind the creditors, unions and the need to modernize. There is a lot of pent up need to spend. It has to be more than a year. Watch out for the zingers.
If I had the stomach, Id be ready to do many flips.
Nice month though.
The lines going up are getting long and day was looking to be up. Plan was to switch after 15% YTD gain. The stars seemed to align. Looking for 5% inside of 4 weeks. Time will tell...
1/2 to bonds FROM NAESX to VWEHX at close today. Time will tell... The tea leaves say Toppy Toppy Toppy.
"The trucking industry trades at around a 0.40 to 0.50 price to sales."
http://seekingalpha.com/article/1358781-an-update-on-yrc-worldwide