Yukon Nevada Gold Corp T.YNG

Increased my position in YNG today

[MrGRP]

Since I sold most of my position at almost the high of the year, I have looked to get back in. Today at hitting .28
per share I had to jump so increased substantially.

To be honest I am glad I sold when I did ... obviously ... and I don't really have the expectation of this stock that
I had in the past, however I do expect to make good money on my investment !

I think .28 cents is an incredible investment with minimal or little risk of loss and a great chance for a significant
gain. I just don't have the same expectations that they stock will hit $3 or $5 a share as I did in the past without a split.

But having said that I sure hope I am wrong :-) Best of fortune to all

[goldpet]

You bought in at a time when several officers in the company were buying, so in that regard you did well.Did that have anything to do with your buying?

[MrGRP]

Nope I have been watching YNG since I sold for a good buy back in position and have not seen it go below .28for a very long time. I just see that things are coming together for this company or for the stock and although I am not looking to make a million on this stock like I once did I have already made some good money. I also am buying them in my tax free trading account so have alrady increased

[downer27]

this stock is not a very good candidate for tax free savings account as it rarely appreciates, and if it does, it is for about a month until people remember that this operation can't make money, even at $1,800 gold.

[MrGRP]

Well I have a bundle of money in there that was made on  this stock previously. And if bought at the right time it is a perfect stock for tax free in small amounts. I have already made enough to flip it and have a decent increase but will give it a bit till gold goes a bit higher then sell and wait for it to go down again to buy.

[MrGRP]

And to be exact if I had sold today I would be up about 17 percent, not bad for a week. I think that is the way to make money on this stock and that serves well in a tax free savings account.

[MrGRP]

So much is when you buy and when you sell .... but ..... I just had to post one more reply to your because I thinkthis is an excellent stock to play for a tax free savings account if you play it right. Buy low sell when it goes up.So the proof is in the pudding so to speak, I bought back in a week ago yesterdday and have increased my investment by over 25% and since I used my tax free trading

[downer27]

that is great that you consistently buy low and sell highi am tempted to declare you a stock market, swing trading genius,except, you admit you keep buying this stock - so, you are clearly not

[MrGRP]

I didn't say I consistantly buy low and sell high but sure try to do that. Nor am I a genius when it comes to trading. I learned long ago that you never manage to buy at the bottom nor sell at the top.But ... the  first time I bought into this stock I made great profilt on my investment ! Now back in buying and selling the penny stock that it is I made over 25 % cause in the end soldat

[downer27]

I try to invest in real companies that have positive cash flow - this type of stock is like going to a roulette table

[MrGRP]

I understand what you mean and I invest my large investments in secure business and ones that often pay dividends ...Yes this one is like a roulette table but then some people and some time you can make money at roulette :-)that is why I am playing it for the  swing trade ... like today I sold at .37 and almost the end of the day then Morgan stanley came along and sold about 360,000 shares

[helmutschumacher]

GuysIf many ''investors'' are playing up and down like you Mr. GRP, dont complain then that the share is not increasing !!!!Helmut

[MrGRP]

I am not complaining about it not increasing but I don't think my method of investing or making money is holding this stock down. I think the stock inself, its reputation and especially the production levels are doing that ll by themselves. And maybe once again like today the news of the safety violations at the mill !