most buys- using options MM naked short of stock to cover the shares. old trick, file lawsuit and buy puts to get massive selling, in this case millions of shares, all with the help of trusty MM working with funds.
Might be a stunt, if so the SEC will find it. We think YRCW is an easy target until recap is decided in mid March. Stock can't hold a gain long regardless of the news. One thing for sure, trashers have been wrong for months..stocks gone up. Pumpers are wrong, I was wrong,...not going through the roof. One thing for sure, as long as its above $3.50 I'm happy, would consider buying more at current price or below. I think the analysts are at least conservative at a $5 call this year. We still think it will hit $15 this year as long as wallstreet doesn't collapse.
TX....Just a quick reminder for you when dealing with these idiots.....It is always "manipulation" when they make a bad decision and lose money. It is certainly pure genius when they get lucky and make a few bucks. It is certainly never the pumpers fault when money is lost. Truth counts for nothing on this board.
So were you an english major or a typing major (regarding your comment about there and their).
Either way it explains you're ignorance about reading financials and understanding why this stock is down
(waiting to see if you take bait)
johns, you struck me as a strange one earlier this year, a weird person.
nothing you have said has been convincing outside the programmed bash lines, why you seek attention now can be for no other reason than to pick up a few bucks having me respond to your posts. Very well, its done, go buy a burger.
This stock is down because there is a very real risk the stock will be massively diluted or the firm will file BK.
If you truly believe the only way possible this company's market cap is < $200 million is if their is illegal manipulation then you really need to stop investing in stocks because you truly do not understand what you are investing in.
Again, I'm not saying anything is guaranteed, just that you have to recognize there are very good reasons for the stock price to keep going down in anticipation of the month end deadline on the recap
“......in anticipation of the month end deadline on the recap ......”
First deadline was 12/31 for recap. A second extension will most likely be granted and at some point they will reduce the amount to less than 190 million is my speculation.
“......if their is illegal manipulation......”
This is just SOP for pumpers that don’t know what they are doing and the stock that they are long in is going down just after they predicted a move up.
you and I, and everyone else here, know what is going on. Dont insult anyone's intellect. The whole investing world sees the bogus suit and obvious shorting for what it is.
its illegal to do this, by the way.