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YRC Worldwide Inc. Message Board

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  • bluestarromeo bluestarromeo Aug 18, 2008 5:05 PM Flag

    yrcw - 20$ will be the new

    Thank you for the chart. I am seeing short term support more at $18 and the 200ma (16.60)
    The last three days of higher lows and lower highs is telling indecision in the short term (or manipulation, ops ex?)
    I think many shorts we're "squeezed out" at end of July rally (volume has been dismal since then).
    Are there enough shorts left to stop the rolling over we are seeing? I think the path of least resistance is down and the CFO musical chairs is not giving me warm fuzzies. I still think $14 is VERY realistic before we see any serious consolidation unless oil totally tanks. With the inflationary bag of tricks from this administration and hurricanes season getting rolling, I don't see alot of downside in oil. But, with YRCW, you never know. Good luck with your trading/investing.

 
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