Monday, August 2, 2010

A reader recommendation: YRCW

One of our readers recommended YRCW. A huge trucking company on the verge of bankruptcy but may get lucky. It is a penny stock. He bought a very large amount at around 20 cents the first day it jumped. Our computer picked it up and gave it a high probability of success. It is currently trading around 40 cents. Congrats to him. A news release is due any day now and he thinks it can go to 80 cents short-term. The chart looks good; however, we don't normally play such high risk moves. An aggressive reader could take a flyer here. We will wait because we think it could report bad news.