Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

umfan92

Am I Doing This Right?

Recommended Posts

Well I was just looking at different companies. I noticed that YRCW is one of the most bought stocks on my broker's website over the last 5 days. I started looking into it because it has a low price and because of it's recent activity.

 

I looked at the chart of the last 3 months and it sort of looks to me like a cup and handle chart. Am I right? What does this mean for the stock? I looked up the definition which talks about the volume and said, "Volume - Volume should dry up on the decline and remain lower than average in the base of the bowl. It should then increase when the stock finally starts to make its move back up to test the old high." It looks to me like it's exactly as described. What do you guys think?

 

I'm not trying to let you guys do all the work but I'm extremely new at this and some help would be nice. I appreciate it. Do you guys think it would be a good idea to invest in this company in the short term? I'm not sure. Also please let me know how you came to the conclusion so that I can also learn from it. Thank you all in advance. I look forward to hearing your responses. (Also I'm sorry if I posted it in the wrong section).

Share this post


Link to post
Share on other sites
Do you guys think it would be a good idea to invest in this company in the short term?

 

always worth a question - thats what forums are for.

But in answer to your question - no.

The pattern your referred to is not really a short term trading pattern.....and for me the stock is in a massive long term down trend, so unless you are in a long term investment fundamentally based mode - no

Share this post


Link to post
Share on other sites

Thanks SIUYA. I wasn't sure and I don't want to make any other beginner mistakes. I just don't know how to properly judge stocks yet. I also so the down trend, but thought maybe it would go up in the short term a little bit. I'll keep learning and keep trying.

Share this post


Link to post
Share on other sites

Well I'm really glad I asked this question here. I feel kinda stupid now but I rather be embarrassed and not lose a bunch of money. Thanks a lot everyone.

 

Do or Die, Why do you say that it looks like it could go bankrupt? I know they have decreased a lot in recent years, but what do you see that could be a good sign? I need to learn these things lol.

 

MightyMouse, I'm assuming you're looking at the 10 year chart, huh? Lol yeah that would have been a great opportunity! I couldn't believe they were once so high up and now so low.

Share this post


Link to post
Share on other sites
Wow, that was the short of a life time. You could have retired if you caught it and rode it.

 

at 1600 have much of your portfolio would you have sold 1%, 10%, 100%

Thats all you would have made!

While shorting is great, it gives you diminishing returns on the original short :(

, whereas getting the run on the long of a stock from 1 to 8 will generally give you better returns.... :)

 

I saw the chart as well and went - holy moly - like an internet stock I once dated.

Share this post


Link to post
Share on other sites
at 1600 have much of your portfolio would you have sold 1%, 10%, 100%

Thats all you would have made!

While shorting is great, it gives you diminishing returns on the original short :(

, whereas getting the run on the long of a stock from 1 to 8 will generally give you better returns.... :)

 

I saw the chart as well and went - holy moly - like an internet stock I once dated.

 

True on the original short, but theoretically you could have ended up with a billion shares too if you added to the short.

 

And then shorting a round lot of 100 shares would be worth 160,000.

 

But, when I am dreaming about a trade that I wish I did, I don't inject the dream with reality.

Share this post


Link to post
Share on other sites

Do or Die, Why do you say that it looks like it could go bankrupt? I know they have decreased a lot in recent years, but what do you see that could be a good sign? I need to learn these things lol.

 

I will just start a new thread on RS and will post YRCW chart (in this TA section only) in few minutes. Its RS was crushed before it tumbled down earlier this year. In many aspects the chart reminds me of crisis ridden stocks in 2008.

 

So either the chart shows what happening in the company. OR the management is playing a nasty game and it can be bought for 4x+ returns target. The third case of the stock trading at these levels for a year before moving up or down seems less probable.

 

:shrug:

DD

Share this post


Link to post
Share on other sites
While shorting is great, it gives you diminishing returns on the original short ... like an internet stock I once dated.

 

Not only that, shorting has unlimited downside ... if the stock jumps 3x your down 3x. But you can only lose 1x of your money if you buy. And to further my other thread about speculators, does 'shorting' serve any purpose except allowing people to gun down a stock? Anyhow, that damn wh*re of a stock, I bet she dated all of us ...

 

MMS

Share this post


Link to post
Share on other sites

Well I'm sure this question has been asked and I'm sorry if it has, but I thought it would be a good idea to ask here. What indicators do you guys use and is there a certain point that a stock has to be at in order for you to buy? What I mean is, do you require that certain indicators be a certain way before you buy? I have learned about many indicators recently and I look at most of them when looking at different companies, but I still haven't gotten good at picking stocks (I know it comes with time but I figured I would be better at it if I employed these indicators). I look at the following: Bollinger Bands, MACD, Fast and Slow Stochastics, Relative Strength Index, and 20, 30, and 50 day Moving Averages. I also look at Volume to see if it's too low or above it's 30 day average. What do you guys think? Is this a good repertoire of indicators? Does that mean I'm using them incorrectly? I just don't know what to look for. Thanks in advance.

Share this post


Link to post
Share on other sites
Not only that, shorting has unlimited downside ... if the stock jumps 3x your down 3x. But you can only lose 1x of your money if you buy. And to further my other thread about speculators, does 'shorting' serve any purpose except allowing people to gun down a stock? Anyhow, that damn wh*re of a stock, I bet she dated all of us ...

 

MMS

 

Is there something wrong with "gunning down a stock"? Was there something wrong with gunning down Enron? Or any other company that wreaks of incompetence? Why should it be that one's work in determining that a stock is overvalued should be relegated to "then just don't buy it"?

Share this post


Link to post
Share on other sites

If you are trying to make an investment decision, even short term, if it's more than day trading, then you need to look at the financial documents of the company. And visit the official company website.

 

YRC Worldwide: News, Investors, Media

 

YRC Worldwide, Inc. - YRCW Earnings Releases & Operating Statistics

 

yrcw stock - Google Search

 

And you need to know what the current overall economic outlook is for the country, and maybe even the world. It all affects the markets.

 

Forex Factory

 

Then there are market cycles that happen during the year. Those can affect the market. You also need to know that speculators can move the price up or down with absolutely no good reason to do so, except speculation. Just because the price is going up or down, doesn't mean there is a good reason for it to be going up or down. It could all be meaningless and empty speculation. Like a house of cards.

Share this post


Link to post
Share on other sites

YRC Worldwide - Quarterly Report

 

 

UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended March 31, 2011

 

OR

 

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from to

 

Commission file number: 0-12255

 

 

YRC Worldwide Inc.

 

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The uncertainty regarding the Company’s ability to generate sufficient cash flows and liquidity to fund operations raises substantial doubt about the Company’s ability to continue as a going concern (which contemplates the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future). Our financial statements do not include any adjustments that might result from the outcome of this uncertainty. If we are unable to fund our operations through operating cash flows, existing credit facilities,

 

We have substantial debt and, as a result, significant debt service obligations. As of March 31, 2011, we had approximately $1.1 billion of secured indebtedness outstanding. We are deferring payment of (i) interest and fees to our lenders under the Credit Agreement,

Share this post


Link to post
Share on other sites

Thanks TraderWinds :missy:

 

Technically it could be a great mean reversion candidate.

 

But you can only buy it on good fundamentals. From the chart it looks like the company can go bankrupt.

Share this post


Link to post
Share on other sites
Thanks TradeWinds :missy:

 

Technically it could be a great mean reversion candidate.

 

But you can only buy it on good fundamentals. From the chart it looks like the company can go bankrupt.

 

You called it right! ;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • DXCM Dexcom stock, great day off the 69.73 support area, from Stocks to Watch at https://stockconsultant.com/?DXCM
    • Depressions aren't real either... ??
    • Dear B4 #42, I heard you can't get out of bed and decided you were going celibate and shaved your head and “reconsidered” having children.  If it took Trump getting elected to get you to stop fkn every Dum, Harry, and Dick you meet, we’ll take it.  thx Sincerely just sayin’ zdo PS To all the other girls I loved B4 - https://www.youtube.com/watch?v=rVq0ONrSH-Q 😚
    • MDB MongoDB stock watch for a range breakout at https://stockconsultant.com/?MDB
    • Date: 12th November 2024. Market Buzz: Trump Trade Impact! “Trump trade” has boosted the US Dollar and US stocks, but Trump’s policies may have less favorable effects on global assets. Trump’s plan to raise tariffs is expected to negatively impact economies worldwide, especially exporters like China. Asia & European Sessions:   Bitcoin Surge! Bitcoin broke $90K, driven by Trump trade once again. Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs, interest rate cuts by the Federal Reserve and Trump’s cryptofriendly agenda. Crypto market capitalization has exceeded its pandemic-era peak, reaching $3.1 trillion. Traders are betting on Bitcoin reaching $100,000 by year-end, according to data from the Deribit exchange. Open interest — or outstanding contracts — for CME Group Inc. futures for Bitcoin and second-ranked Ether (ETHUSD) scaled records on Monday, a sign of growing engagement by US institutional investors. Asian shares dropped, alongside European and US equity futures, as traders evaluated the implications of President-elect Donald Trump’s policy agenda and potential cabinet choices. The MSCI Asia Pacific Index fell for a third consecutive day, driven by rising Treasury yields amid concerns that Trump’s proposed tax cuts could increase inflation. There are also reports that Trump is considering two individuals for prominent roles in his administration with track records of criticizing China. DAX and FTSE100 are down -1.1% and -0.5% respectively, after a pickup in German HICP inflation and higher than expected UK wage growth dampened easing expectations. Investors await the US CPI report for insights into the Fed’s easing path, as Trump’s inflationary policies may lead to fewer rate cuts. Financial Markets Performance:   The USDIndex continues to rise and is currently at 105.75. It hit a 1-year high. EURUSD drifts to 1.0620 and GBPUSD is in a sell off, currently at 1.2800. Oil prices fell after their biggest 2-week decline, amid a weak demand outlook from China, a stronger US Dollar, and concerns over a potential oversupply. Crude oil has traded within a narrow range since mid-last month, influenced by Middle East tensions, the US election, and OPEC+ output decisions. Gold remains under pressure and is currently at just $2604.36 per ounce. It hit a one-month low, down 5% since Trump’s election victory, as a strong dollar and US equity rotation pressured the metal. Gold’s decline was also technical, breaking below the 50-day moving average, causing funds to cover long positions. Despite recent drops, gold remains up 25% for the year, supported by central bank purchases and geopolitical risks. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.