Based upon their last NR, YRCW could be headed much higher monday morning.
After hours high were close to 0,40 to settle at 0,36.
What is really interesting in here is the fact that over 120M shares are shorted at this time and i think all of them read the news friday.
So if i was them, i would be running to cover first thing monday and see where it stop. But do not get fooled take some profit along the way up.
Then combine the latest NR with Q3 that would be released about nov 4th (curiously 1 day before NASDAQ delisting decision) where YRCW should have made a net profit over 15M$ and the fact that NASDAQ WILL NOT delist YRCW and will extend a grace period to allow them to complete their RS then you see the huge potential for gains this week.
Be sure to watch the volatility and if YRCW was to close at the high of monday's session get ready for 2-3 more GREAT trading days.
Not far ago their volume was well above 100M shares per day and i expect the same at least for the coming week until YRCW disclose the agreement with teamsters that i think will be excellent. Thos guys know very well that YRCW MUST survive and with all the shares they will get they will be the first to cash in.
So all combined, we have a good company, a good bunch of syndicatd employees and they both wants to succeed in this survival plan. Guess what: they will succeed.
So get ready early monday as it will be a hell of a trading day.
Do not forget my friends at
http://www.mystockbuddy.com/
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