NST 0.25% $15.79 northern star resources ltd

Why NST could be massively undervalued at current prices...., page-21

  1. 411 Posts.
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    First of I would like to say this is a fantastic stock with great fundamentals and I have no doubt this has a long way to go however seeing the price rising from effectively $1.05/$1.10 to $1.70 virtually uninterupted (no significant pullbacks) prompted me to sell a small lot at $1.67 today. Fortunately I did not sell more at the $1.30, $1.40 and $1.50 levels as I would normally do.

    When I see excitement such as talk of POG $2000 and $3000 it is wise to take some money off the table. No doubt the sentiment and momentum has become very bullish or perhaps over bullish for NST so in the short term if we see a small coorection in POG say down $10oz over night or more people simply want to take profits I can see this stock pulling back by 20-30 cents say all the way back to the $1.40s before the uptrend resumes. I think there are a lot of people out there waiting to push the sell button to take profits but willing to wait a little longer for this to run higher. When it is time to take profits this will already back to what I consider will be the new equilibrum around $1.40-$1.45.

    Don't get me wrong, this stock is ultimately going much further North, but don't forget to take profits !!!!!!
 
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Last
$15.79
Change
-0.040(0.25%)
Mkt cap ! $18.14B
Open High Low Value Volume
$15.88 $15.99 $15.75 $45.85M 2.895M

Buyers (Bids)

No. Vol. Price($)
1 10836 $15.78
 

Sellers (Offers)

Price($) Vol. No.
$15.80 1226 1
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Last trade - 16.10pm 17/09/2024 (20 minute delay) ?
NST (ASX) Chart
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