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Common noobs, look at the volume on YNG, not the price.
Volume trader per day:
April 16: 114,006
April 13: 212,771
April 12: 677,751 (One single buying trade of 325k shares)
April 11: 274,763
April 10: 250,949
For an avg. trading volume of 306,048 shares per day over the last week.
Total number of outstanding YNG shares is 931,094,031.
This means that on average, only .0328% of outstanding shares are being traded each day... YNG was trading at 32.5 on April the 9th, so if you think a price drop of (32.5 to 28.5) roughly 12% is justified by this volume (Total volume over 5 days of 0.164% of outstanding shares).. well then you're clearly not made for trading cause holding is beyond your emotional abilities as an investor... the proof of this is the .164% of investors holding YNG who felt the need to dump it on the way down.
People are holding this stock for a reason, at least that would be my feelings in the matter.
The market has in fact developed rather thick skin as of late, volatility of price and volume are telling us two very different things.. don't get caught up on the dollars you see in your trading account, it's these people that will sell and miss out on the jump up.
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Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
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