Gediminas Jasionis
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Yellow Media Inc (TSE:YLO) (PINK:YLMPF) Gets Close To All Time Price Lows

by Gediminas Jasionis Mar 19, 2012
99ylo_chart.pngYellow Media Inc (TSE:YLO) (PINK:YLMPF) stock price took another dive on Monday getting even closer to its all time lows. This doesn't yet look very promising for either bears or bulls though.

YLO stock price lost another 9.5% under a trading volume of just over 4 million, roughly at its average value. The interesting thing is that price is now just half a cent above the all time low.

Strangely enough the stock got listed among the most active ones on the exchange, which could attract additional sellers over the coming session.

At the current share price every tick means a comparatively large percent change. The stock has also shown it can bounce pretty well, which can repeat if it tanks into new depths. Bulls might count on a possibility of a bounce, because in such cases shorters have no reference points and its easier for short squeezes to get out of hand.

2yellow_media_inc_logo.jpgThe company had no important news lately so it should all come down to technical evaluation of the situation. Bears will likely challenge the last support during Tuesday's session, and bulls will wait for them to fail because, again, even a small bounce would mean a lot in percent gains at the current price levels.

Comments (4)

1. Guest
March 21, 2012, 12:55PM

Quotes It will, when YLO makes me 7 figures after taxes.

Also, you need practice insulting.

2. Guest
March 20, 2012, 04:11PM

Quotes yur dumba$$ opinion carries even less value

3. Guest
March 20, 2012, 04:04PM

Quotes Your opinion carries little value.

4. Guest
March 20, 2012, 01:08AM

Quotes Since ylo is being hit by google it is hard to understand why yelp has been sold for $26 per unit in the most recent month of 2012.if we based ylo on the speculation that a yelp exist in presence of google then the ylo is holding a much higher value but ylo is waiting for the news that can change the fate.I had buy 700k at 0.17 and have to sold at 0.11 the best thing is to provide support at highest point buy the bargain hunter always end up killing the stock. If you take the heat out of momentum the interests disappear to hunt something else.

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