I got back into YRC Worldwide Inc (YRCW) on Wednesday at 0.47 and looking for a nice move back up into the 0.70's range or higher as investors digest the recent quarterly earnings report. The market is shaky especially with yesterday's large move down, so I don't have a timeframe for this move, but will look to pounce at the first opportunity
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Friday, May 07, 2010
YRCW is B-A-A-A-A-A-CK
I got back into YRC Worldwide Inc (YRCW) on Wednesday at 0.47 and looking for a nice move back up into the 0.70's range or higher as investors digest the recent quarterly earnings report. The market is shaky especially with yesterday's large move down, so I don't have a timeframe for this move, but will look to pounce at the first opportunity
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5 comments:
you are right man. I have around 25000 yrcw and I was so tempted to get some more when it went down to around .46 in the afternoon. this looks like its going to inch forward now.
hey guys, I just bought 1500 worth of yrcw at 0.46. If the stock inches back to the 70's region what would both of you guys do in this scenario?? Thanks..
My mistake i meant 0.70 region like it was last week or so... thanks again..
Thanks for leaving comments, its much appreciated.
Delavaga: On April 22nd and 26th, there were doji patterns, which indicate a reversal. Based on that I closed my position @ 0.74 on the 22nd and 23rd and used those as my resistance levels. So to answer your question..In my opinion, I would look for it to creep back up to the mid 0.70's to test resistance again and if it passes through those levels we could be back up near $1.00.
Hey justin thanks for the advice buddy. I will try that out. Lets just hope it will creep up to $1.00 like you said m friend... Thanks
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