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YRC Worldwide Inc. Message Board

  • johnzardis johnzardis Dec 23, 2010 11:14 AM Flag

    I think its time to sell

    There will be a dilution, that will drop the stock. Does anyone think there is any way this will not happen, if so why

    We got the union deal, I bought in advance and sold on the news

    We got the dismissal I bought in advance and sold what I bought + some of my holding on that

    We got the extension pop I sold some on that (I waited too long and missed the trade on that one)

    Maybe we get an end to the appeal, I don't think there is any pop for that.

    I really don't think they will have much upside suprise on the qtrly, maybe a little but by then we are 20 days from the recap day, I think they will not announce earnings until they have the recap finalized, and as stated above I think the recap will drop the stock significantly

    So what would drive this stock any higher than any other stocks between now and the the recap announcement which will absolutely drop the stock (rightly or wrongly)

    Also people may use this stock to take losses against taxable gains by 12/31 now that the tax questions are cleared up - a couple of weeks ago you may have wanted to wait and have it offset some regular income gains

    Here's my strategy, sell this, buy some more of my good stocks, CLD, IBM, WIN, LINE. Then if the stock overreacts to the recap, I'll buy. For all the folks that stay long I hope I'm wrong Yeah I'll miss out on a run if I'm wrong but hell I've missed other stocks that have run (in fact at least 2 while I played around with this one)

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