YRCW is not a good buy due to increasing volume

YRCW is not a good buy due to increasing volume

A reader requested a chart for YRCW, here's my technical analysis:

With all the bankrupt bank stocks flying around (ABK, FNM, etc) people are getting excited about YRCW. But this stock is not on my radar at all due to the volume. YRCW hasn't gone anywhere but down in the past 6 months and the volume keeps increasing. Clearly there is still a lot of serious selling going on in YRCW. YRCW is not like ABK or FNM where the volume dropped off and the price stabilized indicating that all the selling was coming to an end. So I don't like YRCW.

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