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Sunday, February 10, 2013 2:29:03 PM
YLLC has been in a BEAR market since it's inception in 2012. The WEEKLY chart indicates this, Big downward slope since it began trading in the 0.40-0.50 range.
The only positive thing on the charts is that its is very OVERSOLD so it could possibly see some upside from here but that doesn't mean it will and that it can't continue to be OVERSOLD and fall lower. This will certainly be dependent on news of filing, business model and more importantly how investors react to such news if it is ever released.
I would look to see if the 52 week low of 0.0014 (new low last week) holds and this corresponds with their lack of filing and this very questionable finance/buyout situation.
i have averaged down on many stocks and turned a profit but will not do so on this being there are many questionable aspects of the trade.
This has thus far been my worse choice in stock picks and very much regret that choice. Good luck to all.
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