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jeudi 4 novembre 2010

UPDATE on earnings

Was a nice score for AC.B releasing today a grat Quarter results as seen on hte share price movement.

Going over 4$ will be a bit tricky as Air Canada could use that as an exception to get warrants purchases before expiring date. I will follow up.

On friday morning many other will disclose their results; YRCW and Mega Brand (MB).

I expect YRCW to beat estimate consensus and MB to deliver a very solid and strong quarter. This morning at opening, somebody purchase 400,000 shares and the bid was 0,75. Naturally his average cost was only 0,63 but this gives me the impression that maybe somebody knows something and i expect a great leg up tomorrow. Do not forget if that happens to take some profit off the table.

More tomorrow morning.

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