YRCW is bleeding badly. January was horrible and February was worse.
They are headed for a quarter that will be WORSE than the last one.
Yet you people are pumping this pig????
You are clueless. YRCW will not make it to summer. The banks will have to pull the plug.
I, in fact, did short YRCW at $5.50. I covered the day they announced they were going to dilute all the common shareholders. On that day the stock dropped around $2 down to a dollar and change.
IF it makes you feel any better, I don't disagree that shorts may be penny wise and pound foolish here but it doesn't matter because there is no COMPELLING reason to cover.
There is no good news coming. The results aren't improving. So why cover?? What is the catalyst for a short squeeze???
Answer: There isn't one.
I was throwing out numbers retard get a life. I know that 20% + for long isn't the same as 20% - for shorts. Nice attempt though at trying to give a lesson. Your lesson will be learned in the coming days/weeks.
You are missing the point. My point was you would lose a good portion of the "supposed gains" you made by covering at .60 versus .45. Do you really think it is worth the risk to try to squeeze another few cent out of your "profits." This is why you are foolish. You have no concept of risk vs reward. If you are still holding from $5.50 (which I know you are not because you lack the foresight and intellect to have made that move) then you are clearly an idiot. Good day
Do you not ever get tired of this stupidity? If I looked at your posts from 2 years ago it would say the same thing. In the end either YRC is one tough cookie or you are a blithering idiot. I have my clues as to which one.
In any case this is a post and run. I wont be back to see your drivel so dont even bother.
The shorts are getting really scared. It is kind of funny actually. Even a day like today can't keep us down more than .01-.02. Even if this company is complete garbage I still see this stock making a brief run up to .60. You guys should've covered today. Or I guess you can hope and pray, watch as you lose your ass over the next couple of weeks and baghold hoping that bk is looming. Hope and pray that margin call doesn't come, haha
Trucking is generally weak in Q1 cuz most of the annual costs are incurred in Q1.
With that being said... the shorts (Not the bond holders who shorted) are at more risk than the longs at this point.
Not horrible like this...
YRC National operated over 115....they've never done that in January or February. Unless you count last year, of course.
No one will operate anywhere near as badly as YRCW. It's not even close.
YRCW has employee concessions and deferred interest payments and their losses are getting WORSE.
They are going to burn through 75-100 million in cash in Q1. They are going to piss away their entire 85 million tax refund in 3 short months.
They will NOT be cash flow positive again, EVER, at this rate.