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Joined: 7/17/2005
Posts: 26
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YRCW- Yellow Roadway- From a technical perspective, this stocks price is potentially poised for huge gains! You must look at its chart, look at 10 year, and work your way down. It may consolidate for a while, this on may be poised toward its all time highs and beyond ( 60 and above ) For the seasoned traders and professional here- can you see yrcw going lower? (doubtful)- incredible support at 35- seems to be holding. Whats your viewpoint? Higher or Lower? Could one be as fortunate as to buy this one here at the bottom and watch your profits as the stock rises to its all time highs and possibly beyond. Note, this is not just a trucking company, and they are expanding internationally, and partically in the China Market. Ok seasoned traders,whats your take!
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Joined: 7/17/2005
Posts: 26
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Registered User
Joined: 7/17/2005
Posts: 26
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Im not looking for advise to buy this stock, i have already bought it , yesterday @35.89. I just think this stock from a technical perspective is highly interesting, and the chance to buy a stock at the bottom dosent come around often. I hope some of you will thank me in the future?
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Joined: 12/21/2004
Posts: 902
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Dice - this looks kind of like that JSDA chart a couple of weeks ago MACD-H-wise - the 3 declining down cycles - the 3 declining up cycles...
Timmar - while I can see the case for YRCW reaching a bottom here, I don't necessarily see the case for it taking off into the stratosphere. Technically, it looks pretty lackluster - I'm curious to know what I'm missing, technically, that indicates that this "is potentially poised for huge gains", except for the fact that because it's down it has to go up eventually. To me this looks like a bun that definitely needs more time in the oven before it goes anywhere.
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Joined: 7/17/2005
Posts: 26
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Registered User
Joined: 7/17/2005
Posts: 26
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Well i did say it may consolidate for a while. who knows how long too. and it could consolidate , say between 35-50 for some time. that would give that "bun" a little more time in the oven. time will tell.
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Joined: 7/17/2005
Posts: 26
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Registered User
Joined: 7/17/2005
Posts: 26
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I might add , its according to your time horizon too. in two years i see this stock above 60, i certainely dont see it below its price that is now, 36.39.
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Joined: 12/21/2004
Posts: 902
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LOL ok - I wouldn't necessarily call a range from 35 to 50 a "consolidation" - to go from 35 to 50 is a nice 43% gain - and there's some resistance along the way so that might take awhile.
But I'm curious, as you seem fairly excited about this guy, is there anything technically compelling, besides the fact that it *may* have reached bottom, to buy here and now? To me it looks like the bears may be done, but the bulls haven't really shown that they're ready to take over.
I congratulate you for buying at an advantageous point in the daily point spread yesterday, but, technically, what made you decide to buy then at that particular point?
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Joined: 7/17/2005
Posts: 26
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Joined: 7/17/2005
Posts: 26
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First off, my name is not "guy" you could at least have respect and call me timmar. i havent read any of your posts,but your first couple of sentences came off smart-elic to me. Now on to your post, i didnt say there wouldnt be gains if this stock decides to consolidate for a period, as of recent it has in fact consolidated between 35-47 for a nice period of time. its simple, i personally take from the charts,its at a good base, and if it is to go below or above its current price on a sustained move, i believe it will be to the upside. just my opinion, no need to get all bent out of shape over it. o.k. ..i simply ask for some of the seasoned traders opinions on this stock.like i said time will tell. but no big woop, i have my stop set, and if im wrong ill CUT MY LOSSES SHORT,move on , and if im right i will LET MY PROFITS RUN., timmar
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Joined: 7/17/2005
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and i thought i was careful to use "potentially" and "may" in my post. i did not intend to convey that i though i was absolutely right, and i knew best,becuase i dont. i just have a simple opinion, thats all.
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Registered User
Joined: 7/17/2005
Posts: 26
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im new, so forgive my numerous posts, but i failed to say, that yes im excited about this trade and i mainly wanted to share this trade idea, and bring it to traders attention., and hopefully it will give others who choose to trade YRCW an opportunity for some nice gains, IF the trade is correct. Who knows, maye others will take the other side of this trade and go short YRCW in the opinion that YRCW is going lower instead of higher. I believe the 35.00 level is a good point that will indicate the direction of this stock, right now, i elieve this stock has upside potential as long as it stays north of 35.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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hohandy's
"guy" was in reference to the stock.
(not you)
"this guy = this stock"
Notice in the 7/21 2:27:28 post
you are called timmar
Thanks
diceman
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Registered User
Joined: 7/17/2005
Posts: 26
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no prolem
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Joined: 7/17/2005
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correction: no problem,diceman.
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Joined: 10/26/2005
Posts: 238
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Timmar , in this forum as with any other there are those that like to share ideas and do it well and those that mean well but are not good at good at communicating. "LOL" should be left for yahoo chat IMO. As for YRCW a buy just above the 06 low with a "not to tight" stop below it might make for a good trade the medium time frame (4 to 6 months). If I were to trade this, I would start with 1 lot to limit risk and add only on each monthly up tick or trend change (above 38.50). Hohandy notice the MACD-H 60-130-45 on the weekly could be set to cross above 0,a good sign. AB
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I like this pattern as well. There are signs of buying pressure from May/June 2006, October 2006, and January - April 2007.
I would call this a sideways trading pattern (it could be called a consolidation).
If the foreign demand is there for this companies product or services, as mentioned above,then that could explain the apparently orchestrated buying presure.
I would like to think that you could ride this to the top of its current range at least..
(IMO)
Tommy21.
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