NST - Northern Star Resources

[notting]

They left a lot of time for the entire universe to know they were about to make a spectacular announcement.
You would imagine that every man and his dog who was going to jump did.
There is nothing like a gold mine to get the testosterone pumping and mouses clicking.
Then there are those who cannot bring themselves to buy on a leap like that and wait for a pull back usually for a long, long, long time.

 

[explod]

Well perhaps I am dumb, but on the weakness early lunch I saw some big buys sneaking in and could not help myself for a good chunk at .86

So cheers to holders.

But do wish I had not sold last week for just a 4% gain. So duh.. again.

 

[tech/a]

Well perhaps I am dumb, but on the weakness early lunch I saw some big buys sneaking in and could not help myself for a good chunk at .86

So cheers to holders.

But do wish I had not sold last week for just a 4% gain. So duh.. again.

Yes I see the temptation.

BUT



Playing Golf most of tomorrow so wish you guys all the best of luck.

 

[explod]

Yes I see the temptation.

BUT

View attachment 45210

Playing Golf most of tomorrow so wish you guys all the best of luck.

Cheers tech, off in the morning for a few days away myself, will let the trade ride for awhile as in my view there will be some legs later on from the fundamental side, but love your technical insights and good luck at the golf.

 

[theartglasshouse]

Great gains today. This stock always puts a smile on my face. Looking forward to a good 2012, think it will blow my 12 month target right out of the water at this rate.

 

[Chasero]

Great gains today. This stock always puts a smile on my face. Looking forward to a good 2012, think it will blow my 12 month target right out of the water at this rate.

Yes, still holding atm. NST definitely the winning stock of the year

$1.00 here we come baby!

Will probably top up soon. What a great xmas present

 

[theartglasshouse]

Yes, still holding atm. NST definitely the winning stock of the year

$1.00 here we come baby!

Will probably top up soon. What a great xmas present

Agreed chasero! This has been my favourite LT hold over 2011 and has never failed to please. I will do a top up over Dec/Jan and then it let it ride for a while. Glad I am not day trading this as it is surpassing all my expectations so far for a quick in and out. :shoot::shoot::shoot:

 

[marioland]

Today would be a good entry point, IMO.

 

[Joe Blow]

Today would be a good entry point, IMO.

Hi marioland, can you please elaborate a little and explain why you believe this to be the case?

 

[marioland]

Lower volume, gold price dropped, SP dropped 2%. Long term buy I think well worth it.

 

[joea]

Drilling at Paulsens Gold mine returns one of the best intersections in Australian gold mining history.
12.7kg/t or 1.27%.
Info from ReadCorporate. 18/11/2011
joea

 

[tech/a]

Very Very Strong.
Technically Serious strong volume began at .90
Very strong support at .85/86. If I wasnt on a Golf course
my buy would have been there but 90 will have to do.
Belted it well past resistance.
In again!

 

[mr. jeff]

Bought more today as well.
I expect that that the institutional buying will carry this higher, it is comparatively cheap when looking at other Australian based gold producers. Assuming the market cap of 263M is correct at this time, I would not be surprised to see it revised to around $375 over the next 6 months assuming gold and dollar do not turn inside out.

Don't like seeing a large gap left behind, but with this news it seems that it may well be as NST now offers the potential for a large improvement on size of it's resource and a good extension to both life of mine and production rate. SLR moved very strongly over the past 12 months going from ramping up, to steady, to increasing production, NST may do the same if the gold environment holds up.

Nice to know others coming back, lucky enough to see 87c first thing this morning on an offer left in the market overnight.
Starting to sound like a fundamental, but I will be out as soon as it sees serious selling; no hesitation.

 

[toocool]

Hmmm

I had a profit taker on this @ .79

Just removed it, ill ride it out and see how it goes for the time being.

I was out of town for Thursday and Friday and let this ride with a stop @ .68.

Ajusted the stop to tick below Thursdays low @.82 an was expecting to be stopped out.

Getting home at 7pm Friday to log in a see more gains was very pleasing.

In at .61.

PS,
Tech/a,
Stop at tick below Thursdays low .81 or Fridays bar low .84 ?
Do you think is best.

 

[mr. jeff]

Ooooo

Missed to by that much!

Holding off Still think it has potential for more but after a 50% run for me Im happy to sit and watch for another opportunity.(In this or other stock)

Tech it appears that you entered before the first breakout to get a 50% return. I entered at 65c which means I do not have a 50% gain, but was the best entry I could get once it was clear there was serious volume coming in.

How did you identify the trade before any large volume or break of consolidation or were you holding from up bar mid october ?

Not looking to cross examine, but having an extra 5 cents at that stage makes quite a large difference to profit on the trade, ie. 8%.

 

[tech/a]

Picked it up on a volume search intraday.
I have two ways of finding them
(1) yahoo top volume report which refreshes.
(2) intrady just data search at 11am

When I saw it it was 60c that's what I bought it at

 

[mr. jeff]

Picked it up on a volume search intraday.
I have two ways of finding them
(1) yahoo top volume report which refreshes.
(2) intrady just data search at 11am

When I saw it it was 60c that's what I bought it at

Well done.

I fail to check intraday volumes regularly, that is my weakness, hence not discovering good trades until the day after. I have been caught many times over-enthusiastically entering potential moves and for this reason (after much learning) wait for a confirmation, but of course this can come on the same day as the break.
Look forward to Monday to see what strength is there.

 

[tech/a]

From the searchi go to an intraday chart to look for a low risk entry.
Ibwill set Poitou size to the timeframe I choose to trade.
If it moves fast. Will leave e trade in the timeframe I've chosen
If it moves normally or consolidates to where I can set the stop to B/E then I'll leave it as a daily chart.

I understand the desire to see confirmation. But as you say good moves are missed and more importantly for me the distance from entry to stop often widens.
This kills a very important aspect of my trading.
I can't take a large position with a small capital risk ( sometimes .5% of capital)
I'd rather be wrong 4 out of 5 times than take a late trade.

Dont know if that helps

 

[tech/a]

Sold latest parcel at B/E .90c

 

[notting]

Gosh that was a quick out.
I find it almost impossible to buy when they fly like.
It's drifted down a bit on decreasing volume.
Should probably follow the gold price in an exagerated manner once it settles/consolidates.