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lundi 4 octobre 2010

UPDATE YRCWD

YRCW is now trading for the next 4 weeks under ticker name YRCWD.

With this 25 to 1 reverse split it may gives the impression that this company is going down but...

Expect higher volatility for the next 10-15 days and may gives a good entry point below the old 0,20 (now at 5$ level)

But be carefull. The company mention they could try to get some more $ invested and this could dilute again the shareholder actual value.

On the bright side, they will not get delisted and teamsters should signed the new work contract. With Q3 that i believed was a good quarter (not great but good) it will give plenty of good occasions to cash in some profit.

I would only lower my % of profit before cashing in. Instead of 33-50% gain  i would start cashing on a 20-25% return. Be careful not to let too much on the table!

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