RE: IMO these board shorts are FAKESYou can NOT short YLO stock because YLO is LESS than one dollar ($1) and OSC will NOT allow that to short any stock that is less than $1.0 on the share price.
I just talk to my TD Waterhouse broker and YLO has zero loan value and YLO can NOT be shorted.
There you go, there is NO new shorting on YLO but you can short on all the preference shares if you want but just to be careful with the bid divident payout in Sept 14, 2011 for the Preferred Shares.
You can only buy to cover for all the shorts prior to it last drop once it was above $1.0 per share.
Day like today, the shorties got scare and probably bought back some as well. The 73 cents new floor had been created and I hope we will move them up to 80 cents tomorrow and it will be $1.00 the week after. With divident payout on the horizon so some of the short maybe bail out instead of holding the bag to pay for the distribution themself so I expect this stock is going trade or swing widely like today (10% between high and low of the day).
I am a trader so I am on the short and long side as well and I am sorry to hear about your heavy loss on this YLO, Tessa. I do NOT appreciate the language somebody used on this board while a lot of decent people is losing quite a lot of money. I always honestly tell you what I think of the stock and no pumper or basher in my piece.
I can NOT tell you what this stock will do for you to recoup some of your loss but I know I am lucky on the right side with buying the Preferred C series shares at $7.13 and start to buy more at 83 cents and 73 cents today. It may go back to $2 or maybe NOT, it is very hard to gauge and I think Mr Tellier and all of his BOD should be making a 50% pay cut similar to the Nintendo management in order to share the pain with common shareholders.
I still think YLO management is a DOG until we have a new guy in the helm to understand the business end better.