Massive short attack has been building in the POG for several weeks now. The shorts have now got the upper hand and it could get ugly for the near term.
This has encouraged the shorts to target the NST price based on the down turn in POG sentiment. Stop losses will get hit and some slippage is also possible.
NST need to be fully devoted to cost cutting in the near term, especially at Plutonic.
For those of us that are cashed up the next week or so is going to be another golden buying opportunity unless the POG capitulates.
There are forces at play that nobody really understands and the world financial markets have never been in this predicament before if my research is correct.
Notwithstanding all this, NST is the best situated goldie in Australia to withstand all this play and come out smelling roses on the other side.
Not a place to be for the faint hearted for the next few weeks. On the contrary, it is exciting for us dare devils. Buckle up.
Cheers
Ann: Preliminary Final Report 30 June 2014, page-19
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Last
$13.86 |
Change
0.570(4.29%) |
Mkt cap ! $15.92B | |||
| Open | High | Low | Value | Volume |
| $13.71 | $13.91 | $13.63 | $79.37M | 5.751M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35544 | $13.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.86 | 28982 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |