Post by
alfee55 on Apr 07, 2010 2:26am
over a year under accumulation
Just doing my taxes and see I bought my first YLL.V on Feb 18 at 6.5 cents and it looked like it was under accumulation then. Well in the last 14 months this has been one of my worst "big mover small stock" buying my position between 5 to 10.5 cents, looking at that time by their properties and workprograms that a move to the 22 - 30 range was possible and much better prices if good news.
In the last 14 months Yll has probably had over 25 million shares change hands and really no amount of movement, so what's wrong? If that was all under accumulation stock this stock would be at 35 cents but it's sure looks like it's not being held in long term hands.
Heck, I look at the insider trading and even their big insider shareholder "Anglo Pacific Group Plc" is discouraged and is selling their stock off.
Just plain old shareholders are getting discouraged with YLL and are seeing other opportunities in other stocks.
Me, heck even I have sold some YLL for 3 other stock opportunities with one ithat paid off by 5 fold, 2 are still like Yll but do NOT trade anywhere near the amount Yll does.
The way YLL stock trades it could be under accumulation for another year, but I sure hope not.
I hate to admit that I have been that wrong in my research when I first did my search for 10 to 20 baggers..
Let's hope that it is a group of knolegeble investors, that is doing all the accumulation and will move the stock on good news.
If it just plain old everyday investors, it could be years of future "under accumulation" situation like my last year.
Give us some news that is a company maker
Comment by
den1731 on Apr 08, 2010 12:10am
I'm 100% agree with you, I brought this one @ 0.06, still waiting for news, I'm not sure should I keep it or just sell it.