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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by byloselhi1on Aug 12, 2010 6:19pm
411 Views
Post# 17346623

RE: looking for $5 by next week

RE: looking for $5 by next weekI don't agree that the risks are getting larger.  I see this now as a trading opportunity and I will stink bid 2K shares on the opening, on margin.  The last 2 trading days have seen us blow through support at $5.60 and today at $5.40.  The volume is a little over average, so I presume a large holder is trying to get out and if so, hello $5.20 and back up the truck -- on margin.  I have a full position in Yellow and this trading will put me overweight.  Collect the monthly distys for  a few months and then pocket a tidy CG.  Did it last winter and will do it again.  Way too easy folks.

Regards, Skibum
Bullboard Posts