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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Comment by MrGRPon Mar 05, 2012 9:39am
226 Views
Post# 19626234

RE: Big drop today...

RE: Big drop today...

My opinion ... this stock took a big jump and attracted a lot of large banks and traders, that has kept it high for some time, if you look at the trades you can see they have been trading it mainly up lately often at the end of day. Basically they have been playing with it and making big money cause a couple cents adds up to them.

Why you often see it big up at the end of the day and then drop to open. Some are also starting to short the stock. But the volumes are dropping and that makes it hard for them to play their trade numbers and also makes it more risky that they get stuck with their shares. They are not in long time just day trading.

With the trade numbers down the price usually drops and there will probably be at least 2 more quarters that although they may show promise will probably show back to the poor productions as the mill was not updated for say this quarterly report and for next it may show evern worse because that will reflect the shutdown period etc.

So hold on and maybe look at buying more. I am l ooking for it to hit .30 before it goes up but then that is only my opinion.

Best of fortune to all ! Gerry

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