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YRC Worldwide Inc. Message Board

  • mvnreddy mvnreddy Mar 11, 2010 11:51 AM Flag

    LOOKS LIKE Co. is helping shorts

    for some reason or other.
    Short interest reduced by 63%, but there is no
    uptick in YRCW!

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    • No up tick??? Are you kidding me...

      The stock is up as much as 50% from it's lows.

      Why are you surprised by the drop in SI?? Only a fool wouldn't cover when the stock traded as low as $0.35 + most of the people who shaorted were the bond holders.

      A short squeeze is almost impossible. The only thing that can take this significanly higher is change in shipments, earnings etc...

      The only other X factor is how many are really short this stock via options?

      Bearish call spreads, naked upside calls or buying straight up PUTS.

    • There is a small uptick, but it was dulled by the increase in shares from 60mm to 1.0 bb. I think that the high percentage short interest was a carry over from a while ago. Today the number of shares actually shorted would be a more meaningful number, because the actual number of shares outstanding is not clear. At least to me it is not clear. I don't believe Yahoo's number, and I don't believe TD Ameritrade's number either.

      Go longs!

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