NST - Northern Star Resources

[Gringotts Bank]

Diggers and Drillers says "buy up to $1" and look at them all sitting there.

 

[Boggo]

Diggers and Drillers says "buy up to $1" and look at them all sitting there.

A little quiet achiever is NST. My weekly system seems to think so too

Weekly chart below, and for the funnymentalists an interesting comparison of two stocks in the same sector, RED vs NST from yesterday.

(click to expand)

 

[mr. jeff]

Sorry Boggo, but there is no comparison to be made! But I don't want to start slinging mud (it's still in the process anyway!) I'll let the prices do the talking. I have been in NST for quite a while and can't believe they are adding a dividend with so much drilling still to be done, but I'll take the money!

 

[Moit]

Boggo, how can you possibly compare the two. Red and NST. Red I believe getting absolutely flooded, and dont report to shareholders. NST on the other hand, underground and dry and still making a motza. Lol. Cheers

 

[Boggo]

Sorry Boggo, but there is no comparison to be made! But I don't want to start slinging mud (it's still in the process anyway!) I'll let the prices do the talking. I have been in NST for quite a while and can't believe they are adding a dividend with so much drilling still to be done, but I'll take the money!

Boggo, how can you possibly compare the two. Red and NST. Red I believe getting absolutely flooded, and dont report to shareholders. NST on the other hand, underground and dry and still making a motza. Lol. Cheers

And (the bolding) is exactly my point, you can't. Now have a look at the number of posts telling us how good RED is compared to the number of posts on NST.

I could list a dozen or more NST's at the moment but some miss the point and just get hung up on one stock.

 

[Moit]

No I totally agree boggo. I got outa red along time ago and have never looked back. Nst's f/a just too good. And we're hearing back by the week. T/a looking very nice at the moment. And yes there are so many other stocks out there. Cheers

 

[mr. jeff]

And (the bolding) is exactly my point, you can't. Now have a look at the number of posts telling us how good RED is compared to the number of posts on NST.

I could list a dozen or more NST's at the moment but some miss the point and just get hung up on one stock.

I am looking at NST's run and wondering if it is pushing ahead of itself and may be looking at forming a level sometime soon. This move has been a good ride, is today's jump up a good time to step aside ?

Boggo - your opinion if you have time ? And can you name the other NST's that you refer to apart from DLS ?

 

[Boggo]

Boggo - your opinion if you have time ? And can you name the other NST's that you refer to apart from DLS ?

Can't really ever say what it is going to do. The daily EW chart below has a number of target areas, its an individual thing as to how you handle it when it starts to retrace.

I entered NST off the weekly Metastock scan chart in my earlier post above, an entry off the daily chart using EW pattern entry (below) would have been a little ripper in hindsight.

There are many daily breakout charts at the moment but I am finding more stability in the weekly breakouts, AIX (which has taken off today ) is another example. It does get you in later but it seems to filter out some of the chaff.
Have a close look at the last breakout on AIX, all you need is a basic chart as the potential breakout at $2.00 stands out like the proverbial on the second chart below, its that simple really.

(NST daily and AIX weekly - click to expand)

 

[jancha]

Can't really ever say what it is going to do. The daily EW chart below has a number of target areas, its an individual thing as to how you handle it when it starts to retrace.

I entered NST off the weekly Metastock scan chart in my earlier post above, an entry off the daily chart using EW pattern entry (below) would have been a little ripper in hindsight.

There are many daily breakout charts at the moment but I am finding more stability in the weekly breakouts, AIX (which has taken off today ) is another example. It does get you in later but it seems to filter out some of the chaff.
Have a close look at the last breakout on AIX, all you need is a basic chart as the potential breakout at $2.00 stands out like the proverbial on the second chart below, its that simple really.

(NST daily and AIX weekly - click to expand)

Hmmm $2.00 stands out like what?
Looks like NST has the jitters. Yesterday RED and Today Northern Stars gone south must be catchy hey Boogo?

 

[Boggo]

Hmmm $2.00 stands out like what?
Looks like NST has the jitters. Yesterday RED and Today Northern Stars gone south must be catchy hey Boogo?

An average mug punter dependant on and influenced by RED silt emails would probably see it as the jitters, others who treat this as a business predict these 'jitters' in advance (see chart above) and are neither surprised or dissapointed when the expected occurs.

Just for you jancha, a bit of textbook predictable behaviour

 

[Ves]

An average mug punter dependant on and influenced by RED silt emails would probably see it as the jitters, others who treat this as a business predict these 'jitters' in advance (see chart above) and are neither surprised or dissapointed when the expected occurs.

Just for you jancha, a bit of textbook predictable behaviour

Here's a question from someone at home (sick and bored today ):

Is the 38.2% W4 retracement target fairly close to the min typ 3 line on your chart? 50% fib seems to be around a $1.00, I take it that you would be using those as support zones and look out below if the second one is breached...

edit: and from what I understand it would also typically do both of those on less volume than the w3 moves.

 

[Boggo]

Here's a question from someone at home (sick and bored today ):

Is the 38.2% W4 retracement target fairly close to the min typ 3 line on your chart? 50% fib seems to be around a $1.00, I take it that you would be using those as support zones and look out below if the second one is breached...

edit: and from what I understand it would also typically do both of those on less volume than the w3 moves.

I can expand on it later V as I have to run now, initially just apply a 38.2% and 50% retracement.
I am tending to think that there may be more upside before a significant correction.

More later if needed.

 

[Ves]

I can expand on it later V as I have to run now, initially just apply a 38.2% and 50% retracement.
I am tending to think that there may be more upside before a significant correction.

More later if needed.

Thanks - I guess the "grey" area that needs to be analysed in these cases is where wave 3 ends (I take this is only really known if it hits the first 38.2% retracement area?). Wave 3 obviously has lots of utility in deciding targets for wave 5 and so on. Phew! All sounds a bit beyond me, but interesting to think about it in terms of an intellectual pursuit.

 

[jancha]

An average mug punter dependant on and influenced by RED silt emails would probably see it as the jitters, others who treat this as a business predict these 'jitters' in advance (see chart above) and are neither surprised or dissapointed when the expected occurs.

Just for you jancha, a bit of textbook predictable behaviour

Geez Thankz a heap Boogo but i'm no mug punter as i dont hold on to RED shares.... only buy back in when i see an opportunity. Dont see it as flogging a dead horse or being of too much risk... so we'll see who's the mug in 6mths.

As for your other post you stated that Quote: " cant really ever say what NST is going to do next" and now your predicting a few scenario's as to a possible retracement ect. Thats what i like about you boogo trying to predict what and where it will go next and If that does'nt happen then there's a new case of scenario's. It's a bit like following the sheep Baah

 

[mr. jeff]

I have stepped aside at 1.21 and spent the week pondering that move, as I like management, the ground always proves up well, and they are in expansion mode with dividend - plus their MC sector is shrinking at the moment due to takeovers etc.



I was expecting a double top as I saw them getting a bit overvalued, however I am seeing no serious reversal.
The last bar could be a sign, but at this stage I would be looking for a test for an entry. That last bar looks like to me like a dog with a bucket of water thrown over it - it just has a bit of a shake and then carries on quite dry.
(I am not calling NST a dog though).

Of course it could go either way, but as far as gold stocks go, NST is definitely favoured by the market.

 

[Idiode]

So what is the thinking now that InvestMet have reduced their holding by 18.1 Million shares and the MD and Chairman have given their families a nice early Christmas present by selling (8.2M and 3.3M) of their holdings at $1.35.
A nice little fall from $1.54 to a low of $1.33 today following the announcement.
This management team are very good at keeping their cards well hidden to be able to transact 19.6 million shares without the market being aware.

 

[Miner]

So what is the thinking now that InvestMet have reduced their holding by 18.1 Million shares and the MD and Chairman have given their families a nice early Christmas present by selling (8.2M and 3.3M) of their holdings at $1.35.
A nice little fall from $1.54 to a low of $1.33 today following the announcement.
This management team are very good at keeping their cards well hidden to be able to transact 19.6 million shares without the market being aware.

Hats off to you and someother posters information on recent slump NST.
I however could not see the directors transaction from ASX yet. How you gathered that information.
Yes, what I could see 50 million shares transacted on Friday and price slumped.
Ironically there was no notice from ASX 'PLEASE EXPLAIN'.
Why ASX is so delayed and from where you found the transaction ?
In a rising market day NST slumped. So on Monday what will happen ? I wished to know and dumped my share too but now gone case

Code Last % Chg Bid Offer Open High Low Vol
NST 1.355 -11.44% 1.350 1.355 1.370 1.400 1.325 50,824,350
ped 11 %

 

[mr. jeff]

I would view this selling (assuming it has completed now) as a very good chance to enter the next mid tier gold stock which has excellent management and very good ground which continues to deliver resource upgrades.

MC clearly allows for more growth and although this selling could put a halt on the move, I am holding for more information and comfortable with the sell off.

 

[notting]

Yeah it's likely to bounce back pretty quick with all the excitement around this one.
It's always seemed too good to be true to me.
Why would these guys get out like that if the story is so great, why not wait till it's 2.50. Alarm bells are screaming!!!
Should be worth 2.50 easy given the announcements are so SPECTACULAR in the way they are worded.
Dunno, just makes me a bit wary despite the fact that excitement will bounce this soon you'd think.

 

[mr. jeff]

Yeah it's likely to bounce back pretty quick with all the excitement around this one.
It's always seemed too good to be true to me.
Why would these guys get out like that if the story is so great, why not wait till it's 2.50. Alarm bells are screaming!!!
Should be worth 2.50 easy given the announcements are so SPECTACULAR in the way they are worded.
Dunno, just makes me a bit wary despite the fact that excitement will bounce this soon you'd think.

Very good point and thanks for making it. You are right that it always does seem so good. I perhaps foolishly have remained enthusiastic due to the continual positive news and cost control.

Will have to have a bit of a cynical look now and check on the other side!