I'm sincerely sorry for the NST shareholders who have hurt this week. I started this thread three days ago and the SP has lost around $3.50 since. NST was overvalued, and in my view still is, but I could never have envisaged such a rapid fall from grace. I still think NST will fall to nearer the $6 mark in 2020.
@nosetradamus and @eshmun have been strong in their similar views of more hurt to come.
If the Dow gets hit again tonight the Mums and Dad's will be shaking in their boots all weekend as a NST bloodbath will likely follow on Monday.
The dead cat will bounce along the way as not every day can stocks continue to drop 5-15% without some respite.
I can't subscribe to the 'put them in the bottom drawer' mentality. I'm sure 99% of NST shareholders given their time again would have cashed out with an extra $3+ per share earlier in the week. All the talk on this forum about a lack of forward thinking by views that don't support NST seem shallow - without blinkers their bank managers would be happier today.
I'll be the first to jump into to NST when I think they offer value. That is a way off for now.
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Can't see NST holding its share price, page-84
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10 | 7005 | 17.770 |
Price($) | Vol. | No. |
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17.830 | 2415 | 14 |
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