Todays trading in my opinion I have owned YNG shares for many years, have seen the ups and the downs so I remain honest and careful but .... today in my mind showed me the degree of optimism YNG shareholders and traders have in the company, the worth of their shares and I believe better things to come.
So today ... a day where the markets started careful and then sank, brought up with the release from the central bank and then back down to negative on the realism that the stimulus was not enough to encourage investors to believe it would make a difference in the state of the US economy or the global economy with their trading partners.
Thus once again the TSX and Canada a heavy resouce based company took another hit or a hammer. Now even oil dropping to just over $80 per barrel .... most commodities dropping and gold which is important to the worth of our stock YNG being down again ... and today $16 per oz or almost one percent ...
I have seen this hit YNG hard many times after recent decend or good news but not today ! even with all of this we were up .5 cents but more important 1.47 % and for a long time we were up double that at 1 cent or almost 3 % ... all in all a great day which spoke very positive things to me ! and with all of that we still trading amost .5 million shares which is not too shabby for a slow day and negative day of trading ! as well as going up on a down market and very negative resource day ~
I think many investors and even analysts are once again seeing that YNG is the real meal deal .. or real thing ... that after years of being an investor in this company this may finally be the blue sky on the horizon or the silver lining !
Now with this we have to ... or I have to also be realistic .... where at one time this stock with this situation would have been worth much more and the share outlook may have been much more ... .times have changed, big investors are no longer looking to resources or investing in them the way they were ... gold although is still very good in my eyes has not only dropped several hundred dollars and ounce and you don't see the analysts etc saying $5000 per ounce as they were not too long ago ...
I am hoping things / economy/ resources, will turn around but I am not holding my breath ... instead I am looking at YNG, the company, the global conditions, the resouce stock conditions and yes the number of outstanding shares and I am setting my honest sights at a selling price of $1.00 per share ...
Well if my hopes / expectations comes true we are still looking at a minimum of a 100 % increase on our investment at a very low ball figure of .65 per share and in my opinion a reasonaby figure even taking all into consideration of $1 per share which works out to just about 150% return on your investment if you bought today.
So today I have decided to increase my already large position in YNG by a very large amount .... I won't share all of those numbers with you but I will tell you that when I started buying YNG I did so in my regular trading account and then boosted my position out of my tax free savings account. Today I own almost as many shares as I did in the past when I bought them much cheaper, started at 8 cents per share ...... but today thanks to YNG and my investing in this stock I am / will be owning all of my stocks, way more then I did before and they will all be housed in my tax free savings account !
Many of you have read the postings from the "ICE" age or some that were "DOWNER" on this stock because of the past but while they were crying in the beer many of us have made a large amount of money on YNG ...
So why am I posting this .... no not because I am bragging, and many like Richard / Romaro who have been around longer then me know. that at times I have been very skeptical and sometimes rightfully so but ... now I have seen the past and what this company accomplished, now the present and think I see the future and I believe !
Best of fortune to all ... this one I believe is a golden opportunity ...