NST - Northern Star Resources

[pixel]

Yesterday's Spinning Top Doji appears to have started a bottom reversal "Morning Star" pattern.



Initially, I had thought 72c could act as new resistance. That is now less likely - if at all.
If the trend reversal is confirmed, I'll get back on board. Potential target 92c.

 

[pixel]

Yesterday's Spinning Top Doji appears to have started a bottom reversal "Morning Star" pattern.
Initially, I had thought 72c could act as new resistance. That is now less likely - if at all.
If the trend reversal is confirmed, I'll get back on board. Potential target 92c.

And today's Bearish Engulfing candle reversed the signal. Just as well I stayed out

 

[finicky]

Cute little weekly candle. Know whether change of direction or continuation soon? I'm feeling further down likelier option? Better chance of support at .60 and pretty short so far for a C downleg, if you want to picture it that way. My average ~$1 and not tempted to add yet. Probably wont anyway.

2 year weekly

 

[piggybank]

 

[kr1zh]

another trading halt today for another acquisition. well done NST

 

[piggybank]

For those who bought into the recent placement have done well - up 24c

​

 

[Miner]

The NST issued a SPP at 86 cent for a maximum $15000 and then they scaled down even after doubling the allotment quota. Unprecedented gesture to the shareholders. People who availed the SPP should have seen a cool 40% jump in their investment from 86 cent to $1.22 and pl;us 1 cent dividend.
Today's announcement - such a colossal grade within 5 meters depth. I was expecting the punter would jump as they have one on less than half result from others. market did not react. Who knows.

Interestingly no one has put any posting following the right on ASF. Hmm. Hide and secrecy.
Unlike most of the rights this is the only one I am happy about. Thankfully the right was announced just before I was trying to unload it !!

 

[laurie]

Might try to bring thread up to date $1.675 from a high $1.767 thanks NST for that spp at .86c

 

[laurie]

Hit a high of $1.83 and just watched an interview with Bill Beament who promised higher dividends from NST got to admit its he who has brought this from a 1.c company to what it is today at $1.755 and he also said extending the mine life by a year will add 45-54c to the share price wow!!!

 

[explod]

From memory, drilling results from Paulson's about 18 months ago indicated the possibilty of some very high grades to the ton that could come down the track.

Yes management have not ramped but steadily delivered. If gold continues its current rise we should soon see a $2. share price in my view.

 

[rb250660]

What happened @ today's close? 15M dumped. Might have to wait t+3 to get an idea...

 

[skyQuake]

What happened @ today's close? 15M dumped. Might have to wait t+3 to get an idea...

Too many people in an index rebal trade.

 

[VSntchr]

Too many people in an index rebal trade.

Yep..big volume and SP moves in quite a few stocks on the close

 

[skc]

Yep..big volume and SP moves in quite a few stocks on the close

I actually picked up a some NST on that funny close... just looking to pick up 6-8c a share as long as the gold price doesn't tank over the weekend.

I had a short in ABP which I closed just before the close at $2.55. It bloody closed at $2.49

These index rebalances are just getting sillier by the quarter.

 

[pixel]

I actually picked up a some NST on that funny close... just looking to pick up 6-8c a share as long as the gold price doesn't tank over the weekend.

I had a short in ABP which I closed just before the close at $2.55. It bloody closed at $2.49

These index rebalances are just getting sillier by the quarter.

Good luck with that position, skc;



I wouldn't be quite that optimistic:

• the flattest gradient has been broken yesterday;
• the 1-year EMA didn't hold today either
• there is an open gap further down in need to be filled
• the pog doesn't look like recovering anytime soon

I didn't quite share the exuberance in June/July either. Got off on July 23rd and haven't bought back since.

 

[VSntchr]

These index rebalances are just getting sillier by the quarter.

This one certainly was BONKERS!
Either Monday is going to be payday.....or I'm going to be sitting in a few crappy trades that have just started a move :frown:

 

[rb250660]

I bought a few on the close too skc. Let's see what happens tomorrow.

skyQuake is on the money I reckon. pixel, do be a gentleman and have a squiz in Paritrade later in the week and let us know

 

[tech/a]

I'm with pixel

This is going in one direction
And it's not up.

 

[Miner]

And today's Bearish Engulfing candle reversed the signal. Just as well I stayed out

View attachment 55386

The NST issued a SPP at 86 cent for a maximum $15000 and then they scaled down even after doubling the allotment quota. Unprecedented gesture to the shareholders. People who availed the SPP should have seen a cool 40% jump in their investment from 86 cent to $1.22 and pl;us 1 cent dividend.
Today's announcement - such a colossal grade within 5 meters depth. I was expecting the punter would jump as they have one on less than half result from others. market did not react. Who knows.

Interestingly no one has put any posting following the right on ASF. Hmm. Hide and secrecy.
Unlike most of the rights this is the only one I am happy about. Thankfully the right was announced just before I was trying to unload it !!

Hit a high of $1.83 and just watched an interview with Bill Beament who promised higher dividends from NST got to admit its he who has brought this from a 1.c company to what it is today at $1.755 and he also said extending the mine life by a year will add 45-54c to the share price wow!!!

Good luck with that position, skc;

View attachment 59472

I wouldn't be quite that optimistic:

• the flattest gradient has been broken yesterday;
• the 1-year EMA didn't hold today either
• there is an open gap further down in need to be filled
• the pog doesn't look like recovering anytime soon

I didn't quite share the exuberance in June/July either. Got off on July 23rd and haven't bought back since.

Did some rewind since Nov 2013 on NST price. I am not expert on chart but chartists like Pixel (sorry mate to put you on spot because you always provide good value information) said out of NST when price was 0.93 and chart was there. Then NST went up and up. Again it started sliding down and today it was $1245 or so. Should I leave hope and prove with chart ? I personally will not and think with solid technical base and steady rise it is an opportunity to buy (I however unloaded my stuff to book profit earlier) as done by SKC.
I have dumped a chart (COmmsec source) and believe with heavy sell out it gives an opportunity.

1.245 -1.190% -$0.015 1.450 1.150 1.275 1.275 1.192 12,535,131

Bottom line for me - if I am that intelligent then many of my reds would have been green so please DYOR.

 

[skc]

I actually picked up a some NST on that funny close... just looking to pick up 6-8c a share as long as the gold price doesn't tank over the weekend.

I had a short in ABP which I closed just before the close at $2.55. It bloody closed at $2.49

These index rebalances are just getting sillier by the quarter.

I closed the trade today at a small lost. Gold stocks in general tanked with the XGD down 2%. NST outperformed slightly down only 0.4%.

Good luck with that position, skc;

I'm with pixel

This is going in one direction
And it's not up.

There is little doubt that the chart and fundamentally (namely short term gold price direction) the stock is heading in one direction over the medium term... But the trade wasn't about the chart; it was about the stock experiencing an out-of-whack match due to index rebalances. It was an attempt at capturing the mean reversion.

Here are some of the other Friday out-of-whack stocks and how they performed... illustrating the positive expectancy of the opportunity presented by the index-rebalancers.



P.S. I have only included something that looked obviously impacted by the match. There may be many others in addition to what I have listed.

P.S. If one does not want a directional risk he/she can hedge the trade with a trade in a peer in the opposite direction. E.g. Long NST and short NCM on the close would have yielded a better outcome than a straight long NST.

I personally will not and think with solid technical base and steady rise it is an opportunity to buy (I however unloaded my stuff to book profit earlier) as done by SKC.

As described above my intent was only to capture the mean reversion over the following trading session. So don't take anything out of my 1-day long position in NST.