RE: Why the Selling Pressure Coach?Hi Stoxer!
I would guess this latest round of selling is due to free trading shares from the most recent placement. I know management worked hard to find longer term investors when they did that deal, but I am sure some people are nervous in the current market and may be tempted to sell nonetheless. For my own point of view, I think its a bonehead move to buy into a PP and then sell for a small profit as soon as it becomes free trading, especially when it is a company with so much on the go like YLL. I would imagine that this latest round of selling should thin out pretty quick and then if we get good drilling results, YLL could finally break out to a higher range.
cheers!
COACH247