Double Yellow's Company Driver to Independent Thread

Ya i know. And i got my stop gap number set to autosell. But i don't want to do that with the top. The plan has been to watch it slowly climb up over the next five year's or more. Was not expecting to see the surge today. That caught me by surprise.

 

I most certainly was. Learned a lot of very painful lessons when trucking markets crashed that year. And while it wasnt the most valuable thing i had to sell, watching my pete leave was probably the most painful.

But i really don't see this going the way of enron and being a total loss. Worse case scenario, they get bought up by another carrier. But hey I'm no expert financial whiz or i wouldn't be driving a truck. i guess I'll find out the hard way if im wrong.

 

I'm no stock picking expert but I would venture a guess that what DY said about short covering is correct. Take your profit and put it into a solid company. The chance of the share price returning to previous levels seems dubious at best. From what I read, Celadon was cooking the books pretty badly which means lots of lawsuits, and an eventual bankruptcy which will wipe out shareholders.

 

I don't think they will every get nacho I the 20$ range. But 5 to 10.... maybe? None of us have a crystal ball.

Side note. Someone explain after hours trading to me. The market stops trading at 4 pm and shows it closed at 2.25 but on market watch its showing it climbing again to 2.35. With a volume of 1.8k.

 

Let's see major trading floors in San Francisco, Japan, and Hong Kong.

I think you can always find an open stock casino to place bets .........

 

The federal reserve.

 

In another life I worked construction and dabbled in day trading. I had bought up 1000 shares of a company and the next morning during 10 minute break, grabbed my Blackberry and logged into the discount stock brokerage and saw that I had made $1500 bucks over night. I quickly sold but over the next couple months watched that stock climb from $7 bucks to $70 bucks kicking myself for not holding on. Then over the next several months it tumbled back to $14 bucks. Perfect opportunity for arbitrage. Make money on the long, and short it on the way down again. Usually don't know this stuff is happening til it is all done.

 

The bank that already owns most of the ship.

 

Duh. talk about a homer simpson moment. Thanks.