I will have to give YTB credit in that their stock has rebounded considerably in the last two days. There has been speculation on this blog (in the comments) and on the financial forums as to why the recovery happened; most of it unfounded.
I do not know enough about the market to offer any realistic speculation, but I can say that the days that the stock has both risen and receded, the level of trading was significantly greater than the average.
As many have said, you cannot look at this on a day to day basis. Judging from the stock you don't even want to look at it from a 6 month to date basis or an inception to date basis. It is still very low and people that bought it at a higher price will lose a considerable amount of money unless it recovers fully. I personally do not feel it will, but time will prove me out (or disprove me) on that one.
What is curious is that this huge rebound was in advance of the release of the Annual Report which I have been told must be released by COB on the 31st. I will be very interested to take a look.
But for now, congrats to those that bought at $0.76 and made a few bucks. And "keep your fingers crossed" to those that bought higher!
