Northern Star Resources (NST)

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

  1. SilverSanchez

    SilverSanchez Active Member

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    That monthly hammer candlestick had no volume behind it, you needed at least double average volume to assume it is a hammer candlestick and not just a bounce. Especially on such a long time frame as a month. The PE ratio is way too high in a falling market to justify the price. This stock was in a bubble-esk situation.
     
  2. finicky

    finicky Well-Known Member Silver Stacker

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  3. trew

    trew Active Member Silver Stacker

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    PE of 8 is too high ???
     
  4. SilverSanchez

    SilverSanchez Active Member

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    Yeah, I think so check its peers, trailing PE is 20
     
  5. SilverSanchez

    SilverSanchez Active Member

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  6. SilverSanchez

    SilverSanchez Active Member

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    [youtube]http://www.youtube.com/watch?v=m9I_fMTKCng[/youtube]

    just in case anyone is wondering about hammer candlesticks
     
  7. finicky

    finicky Well-Known Member Silver Stacker

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    Gee I wonder if someone knows something before the rest of the market? Nah, ASIC wouldn't allow it.
    Up 17% in one day
    Chart - big positive volumes - gaps up - multiple full white candles (called Marubozu)

    [imgz=http://forums.silverstackers.com/uploads/1893_nst.gif][​IMG][/imgz]
     
  8. shano73

    shano73 Member

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    17% up yesterday.........not complaining at all to be honest :)

    Too the moon Alice too the moon.
     
  9. finicky

    finicky Well-Known Member Silver Stacker

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    Actually, I subsequently read on another forum that there was a major gold stocks stocks etf rebalancing at or just before the date of increase. Poster nordesmic pointed out "GDXJ holds 52 Million shares in NST so its buying/selling can majorly move the market". That and momentum trading amplifying the move. That sounds a very likely explanation that I didn't think of. Also I noticed that SAR had a similar percentage move yesterday.
     
  10. SilverSanchez

    SilverSanchez Active Member

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    I bought for a short term hold today, should have done it earlier. I think it could run into Jan/Feb/March - May/April if gold isn't looking strong, I think a massive sell will be in order
     
  11. clear

    clear Well-Known Member

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    sold mid-weak @ $ 2.09

    they finished @ $ 2.36 today.
     
  12. finicky

    finicky Well-Known Member Silver Stacker

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    Northern Star might be making another top. Bit early to say, but it made its first close below $2 this week, and the prior overhead prices could be a top. Northern Star has had a few severe corrections over its history which haven't had much to do with its prospects as a profit making company. I was once in NST and was forced out by heavy selling. Turned out it was Van Eck fund balancing its GDXJ etf. Van Eck holds 30,407,825 NST as at 14/08/15. The hedge fund Black Rock has holding of similar size.
     
  13. finicky

    finicky Well-Known Member Silver Stacker

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    NST back above $2 again, monthly candle of August looking much improved as it matures.
     
  14. trew

    trew Active Member Silver Stacker

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    I recently bought more NST just above $2. It's the only gold stock I own.

    This is the type of company you want to own - gold stock or not.
    They are making a killing even with low gold prices. ROE over 30%.
    Paid off all the debts they took on to buy mines and sitting on 170m cash.

    Just compare the charts of NST and SLR to see what difference good management can make
    Both in the same industry - both Australian operations

    NST is the NCM of the future
     
  15. trew

    trew Active Member Silver Stacker

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    $2.60 and rising
     
  16. GoldenEgg

    GoldenEgg New Member

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    Picked some up maybe 3 weeks back and have been happy with the performance so far, especially with golds current weakness the past week or so.Was even up 4c when the market slumped 4% the other day.
     
  17. trew

    trew Active Member Silver Stacker

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    $3.18

    slow and steady rise
     
  18. finicky

    finicky Well-Known Member Silver Stacker

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    Slow and steady rise
    Rapid and fast fall

    Three directors selling shares, including M.D (again) Five million this time. Did any of them actually buy the shares in the first place?

    Chart shows massive shooting star candle for October, which makes further correction more likely than not, imo. Looking for confirmation still.
    However plenty of wriggle room to correct and remain within the big picture parabolic uptrend?
     
  19. trew

    trew Active Member Silver Stacker

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    Production up

    costs down

    cash up further to $230 million


    All time high $3.40 today


    They will get to 700k ounces production by 2018 without doing much else
    Not to mention any further mines/companies they can buy with the cash
     
  20. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Aren't all your calls meant to be wrong?
     

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