Yates Group (YTE)

[Madog]

I am currently nursing a loss on these shares after the collapse in the share price last autumn caught me by surprise. Recently however they have started to look interesting again and the share price has made good progress in recent weeks. Your comments would be very much appreciated. Is it worth to average down or is this jump in share price not looking technically sustainable?

Regards


Madog

 

[Uncle]

Dont know how much of a loss your suffering, but to buy more of any stock that has dropped you in the **** is a risky exercise. Following a large volume spike on the 19/01 the share has risen steadily from 127 to 162.5 at close last night and indicators showing it in overbaought territory. I would be watching and looking to take what I can out of it on any downturn.

Best wishes

John