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.
Just had a little trade filled at 80.5 it hit 78.5. Kind of forgot I had left the buy there!
Volumes kicking between those levels. Maybe just old trades like mine being dumped on, or buyers coming in. I can't tell
NST has been strengthening (?) and has seen reduced selling over the last few days. Whether it manages to break above that 93 c mark will be interesting to watch. I sold at 92c on Friday and am thinking that perhaps that was not the right move to make....
Solid performance so far, a break of this level may signal a continuation of the move. If gold holds up there is certainly a case for this to continue when looking at the fundamentals and technically it may make a jump shortly to clear that level, or get rejected. Opinions ? Sorry I cant post a chart, don't have the correct tools.
(Please don't bother telling me about fundamentals not being relevant) !
Im a bit worried about the growth rate of this stock, i bought a small parcel at 89c a little while ago. Does anyone think that the market is overpricing this stock? The chart is impressive though
Hi TMC
Not advice, but I originally was looking at buying NST at 50cents. I ended up missing the boat for a variety of reasons and now look at other options.
I guess the question to ask is what are the chances of this going to price $X and over what time frame.
If you are looking at holding for a number of years then there should be more upside to come if they can execute their proposed strategy. If you are looking at shorter term opportunities is there something that may deliver a greater percentage in the same timeframe?
Say NST goes up 20%, cracking a dollar along the way. How much more room would their be based on current fundamentals? And is there another stock that has the potential to increase by more than that percentage with a similar amount of risk.
As always DYOR and for the record I do think NST is a good stock, managed well and with bright prospects. I am just waiting to see if/how it consolidates
Thanks Paul, When i entered this stock i decided i would be happy to hold this stock for the long term as long as it keeps its appeal up. I suppose that was why i was surprised at the rise in SP today, from the last year it looks as if i bought at the top of the trend but who knows, it might just be the bottom of a large year scale trend. Will just have to wait and see how this one pans out.
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