RE: RE: RE: RE: RE: RE: RE: RE: It's CBCA, not CCA "Do you honestly see an entry price where you would buy shares"
I have stated it before but I would be more than happy to say it again. I am not in because of my risk to reward calculation shows it is an extremely bad play with what is known and what is at risk. So it is not really about share price. It is about the probability of share price appreciation. I do not flip it at the present time because it is zoned at one penny and with the average amount of money that is on the table is just not worth my bother. I have stated that in order to swing my opinion I need Q4 and Q1 results or news prior to the Q1 results that are surprisingly favourable in order to do that. So bottom line is I have not played this for a while but I am keep tabs on it until I can determine whether it is in play once again or a lost cause.
"Also another question I have is that, the majority of shares being sold at 9 cents today seem to be just reshuffling of shares within the bank etc. CIBC, TD, and Desjardins seem to be selling and buying their own shares back - what's your take on that"
Typically that is just the company's Market Makers creating the illusion of liquidity. Why bother, you say? Lets say YLO only traded 10,000 shares a day on average. Would you as a shareholder not feel uncomfortable with with what you seen as an inability to freely sell at a good price? Now if they buy and sell 100,000 shares with themselves 10 times a day then you would see daily volumes at 1,010,000 shares and feel much more comfortable about the holdings your hold. It is the Market Makers job to create liquidity or the illusion of it and to also buy and sell at the proper times to limit volatility. I wouldn't read anything more in to that other than they are just doing their jobs.
That's all in a nutshell (I figured you only wanted the Readers Digest version)