Northern Star Resources (NST)

Discussion in 'Stocks & Derivatives' started by bazz1000, Nov 9, 2011.

  1. finicky

    finicky Well-Known Member Silver Stacker

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    Ambivalent about the short term daily chart. Early in the trading day (10.41 a.m) but 'shooting star' could be a pessimistic description of current situation if it persists till end of day. Northern Star (NST) moving too fast to sustain the pace? Either that or being rerated as a couple here suggest. It's very strong trading the way NST has only dropped a small distance from top whilst consolidating

    For a positive scenario You could look at it as a breakout from a rather rough edged pennant pattern for which the target would be above $2. Very subjective as to how you would measure to speculate a target. I'd be starting from 1.30 or 1.35 to top of 'pennant' at say 1.85, giving say 0.50 to add to breakout at 1.75, giving target 2.25, lol. Not all that serious about it, just interesting situation to watch. I have perennial problem now of trying to not be 'greedy' and selling half at ~2.00 to eliminate risk in holding.

    [​IMG]
     
  2. clear

    clear Well-Known Member

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    Does anyone know why the price finished at $ 1.87 with volume of 4.7 million when golds doing nothing.
     
  3. finicky

    finicky Well-Known Member Silver Stacker

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    Heheh, Tony must be sweating. Northern Star is not holding well at all. Certainly not a buy from the chart as selling volume and rate of descent suggest more down side.
    May be more than gold price, one of the major shareholders could be liquidating. I think I read somewhere that funds manager Van Eck is in the hands of receivers or something. Van Eck has been holding 10% of Northern Star.

    Always something that goes wrong with gold stocks - always

    [youtube]http://www.youtube.com/watch?v=WiN5jewMSwM[/youtube]
     
  4. Ben

    Ben New Member

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    I've been watching NST as I sold the last lot a little early but I'm keenly awaiting for the double dip to buy back in.
     
  5. trew

    trew Active Member Silver Stacker

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    Wow big drop with huge volume cross trades at the close
    will expect to see major shareholder announcements on Monday
    Was this Van Eck getting out ?

    Been waiting for a chance to get back into NST - this might be it.
     
  6. finicky

    finicky Well-Known Member Silver Stacker

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    I got it wrong sorry. The article I vaguely recalled was about Van Eyk. It was not the 10% holder in NST, Van Eck. Shooting my mouth off. I couldn't find any problem with 'our' Van Eck from searching. This is a reference to the topic I came across and mistook:

    troubled fund of funds issuer Van Eyk
    Since we have nothing on Van Eck, fwiw, my best guess now is super fickle Blackrock, the kind of big investor no illiquid juniour wants. Aren't they all pissing off out of Australian dollar investments and going back to strengthening usd or something?
     
  7. tolly_67

    tolly_67 Well-Known Member

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    Me thinks somebody is mining the stock....
     
  8. tolly_67

    tolly_67 Well-Known Member

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    Perhaps a 65 cent triple bottom?????
     
  9. finicky

    finicky Well-Known Member Silver Stacker

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    Sold at 7k profit

    Feeling trapped as price continues descent and feel gold will go lower more likely than not.

    Good to be freeing up a bit of cash at least. Bloody gold stocks.
     
  10. MyNamesNotBen

    MyNamesNotBen New Member

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    Freeing up cash to buy some Crusader shares? :p
     
  11. finicky

    finicky Well-Known Member Silver Stacker

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    Don't tell the world NotBen!
     
  12. NlightN

    NlightN Member Silver Stacker

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    NST is one miner that was missing in my gold portfolio - Got some today (yesterday) on the open at $1.245
     
  13. NlightN

    NlightN Member Silver Stacker

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    I just checked my trading a/c .. and it looks like a Late Notice was received to ASX .. no info tho..!?
     
  14. finicky

    finicky Well-Known Member Silver Stacker

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    ?

    Nothing on the ASX website except the Jundee Drilling Update which was released yesterday morning
     
  15. NlightN

    NlightN Member Silver Stacker

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    Had another look at Commsec a/c this morning and announcement 'flag' had disappeared.. or maybe I was dreaming ..haha
     
  16. scott_reeve

    scott_reeve Active Member

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    My NST chart interpretation - (these charts were done yesterday, before today's large falls)

    NST had some buying support in the $1.20s. Should this area fail, a test of $1.09 is likely. Next couple of days will determine next direction (see short term candlesticks with wedge formed).

    WEEKLY candlestick chart:
    [​IMG]

    Close up with DAILY candlestick chart:
    [​IMG]

    ~ Scott
     
  17. SilverSanchez

    SilverSanchez Active Member

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    Impressive quarterly released today
     
  18. trew

    trew Active Member Silver Stacker

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    Bought back in today @ 93c

    either very brave or very stupid - only time will tell :lol:

    will double down if it gets down to 60c
     
  19. finicky

    finicky Well-Known Member Silver Stacker

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    ^^^

    Well timed so far.


    Gap has been filled on weekly chart
    [imgz=http://forums.silverstackers.com/uploads/1893_nst_wkly_nov_15.gif][​IMG][/imgz]

    Early yet - but hammer formed so far on monthly chart
    [imgz=http://forums.silverstackers.com/uploads/1893_nst_mthly_nov_15.gif][​IMG][/imgz]

    Will Gap be filled, or has an 'island reversal' pattern formed on Daily chart?
    [imgz=http://forums.silverstackers.com/uploads/1893_nst_dly_nov_14.gif][​IMG][/imgz]
     
  20. finicky

    finicky Well-Known Member Silver Stacker

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    NST at one dollar mid morning

    Down 15% in one day (so far), Not alone of course: EVN down 16%, OGC down 13%, Troy (TRY) has hit 45c, most on my list down 7-12% today so far.

    NST:

    Monthly hammer candle has dissolved.

    'Island reversal' Gap formed on the daily, Nov 11, has not yet filled
     

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