NSM - Northern Star Mining - Page 65

B&R, it all just smells bad. I'm only holding onto 10k for the sake of it.

Real shame it has turned out like this. I should have smelled it long ago when the operations update was promised "next week" and never came....not much faith in company IR any more.

Freak, I am no expert but I do consider myself above average at this game. The best bit of knowledge that I acquired about the stock market is when I realized it is the worlds biggest poker game. If you know the game of poker then creating parallels explains a lot.

Why does a person with two dueces push it all in?

Why does a person with a royal flush play lame?

Yes, because the game is not just about the hand , it is also about getting the opposition to do what you want them to do.

I may be wrong but think logically about it. If this seller was selling because they lost faith and just wants out then he would be trying to get the best buck that they can,right?...It is about money.

But yet he only drops the hammer during the day if it shows any sign of upward momentum and he always wants to slam the close. Now why are they doing that? The motivation is not about money obviously because their method yields the least that was available during the day and the hammering at the close backs off the next days Bids which also does not serve a sellers purpose.

It is not about selling. It is about scaring you into selling . Now you have to ask yourself why? Raising the stakes for the sole purpose of scaring?..Hhhmmm..Sounds like 2 dueces to me...I think I will play this hand out.

Will sell all are gold stocks and invest in timber like a great canadian should. oh and if fur comes back onto the market will do that too.

BR,

I watched the same program. I think if a terrorist has a nuc within US borders and uses this weapon the price of gold should be the last thing on our minds. I on the other hand would be a little worried about WWIII! YOu can't eat gold and it won't provide youa "safehaven".

I contacted IR and and asked who it is but they said they don't know. Correct me if i'm wrong but when someone unloads over 200,000 shares and effects the share price isn't it the company's J.O.B. to know? I got a "oh it might be someone excercising warrants or a fund unloading".

If anyone out there can tell me if the company has no way of knowing then i can rest a little easy. News on deep drilling is now supposed to be out middle of October. All a bunch of horse %&^* to me now. They couldn't care less about retailer sentiment.

Bid is down to .84 cents

NSM has to do something....I'm glad I got out of this one long ago. Riding free shares at the moment so I can afford to ride this one down...but how far down will it go?

The article by Boreal Action roughly coincided with the start of this correction. Whether it was accurate or not, it was simply bad timing. Had they published *good* deep drilling results, I suspect that we would have weathered this storm ala OSK (which, mind you, has taking a beating); however, they did not. You might recall that many were attracted to this play because of Michel's mining experience. Turns out a balance is needed :-). That said, with the assets on their property and the other prospective lands--it is simply not a matter of *if* but when (IMO naturally). Rest assured that if they halt this and release significant gold results on a property set to produce, the big players will snatch up everything in sight faster that you can blink an eye. One comment on TA: We *could* be looking at a double bottom here. The low in June was ~$0.82 and we're there now. That 100k order at $0.80 is somewhat supporting this thought.

200K cross at .83 ... I just love this time of year when they take advantage of weakness to move blocks of shares around.

recent articles in finanical post

It looks like the large funds are more keenly interested in producers instead of the speculators. They are selling off positions in the specs to build positions with producers. I can only imagine that these funds are buying companies like NSM, AUQ, CML, RCT and others cheap with all these panic sellers.

just picked some up at .83 - I'm betting this irrational selling will be coming to an end shortly.

50K bidding at .83
&
120k bidding at .84 now

i added at 83 as well. lets see what the rest of the day brings. glta

I too picked up another 10,000 at 0.83 - I guess I'm a sucker for punishment !

Exch House Bought $Value Ave Sold $Value Ave Net $Net
V 57 Interactive 385,300 426,427 1.11 202,000 222,114 1.10 183,300 -204,313

V 2 RBC 496,035 545,783 1.10 334,150 357,807 1.07 161,885 -187,976

V 7 TD Sec 841,350 918,509 1.09 692,663 774,821 1.12 148,687 -143,688

V 88 E-TRADE 295,520 337,555 1.14 153,160 169,546 1.11 142,360 -168,009

V 75 MGI 1,008,900 1,047,574 1.04 878,400 926,634 1.05 130,500 -120,940

V 46 Blackmont 187,173 211,499 1.13 66,184 67,706 1.02 120,989 -143,793

V 39 Merrill Lynch 110,000 106,650 0.97 6,052 5,777 0.95 103,948 -100,873

V 85 Scotia 138,300 151,779 1.10 36,800 42,323 1.15 101,500 -109,456

V 19 Desjardins 127,852 136,414 1.07 69,447 79,611 1.15 58,405 -56,803

V 14 ITG 64,255 70,904 1.10 8,300 8,986 1.08 55,955 -61,918

V 5 Penson 175,380 206,449 1.18 127,700 145,618 1.14 47,680 -60,831

V 9 BMO Nesbitt 182,800 211,995 1.16 139,663 157,607 1.13 43,137 -54,388

V 15 UBS 55,000 66,150 1.20 14,000 16,551 1.18 41,000 -49,599

V 54 Global 37,500 42,447 1.13 7,000 9,030 1.29 30,500 -33,417

V 83 Research Cap 217,000 210,087 0.97 193,580 237,747 1.23 23,420 27,660

V 24 Clarus 55,000 73,700 1.34 33,000 44,220 1.34 22,000 -29,480

V 33 Canaccord 350,751 369,255 1.05 328,927 364,716 1.11 21,824 -4,539

V 27 Dundee 20,700 24,738 1.20 0 20,700 -24,738

V 67 Northern 20,000 22,000 1.10 0 20,000 -22,000

V 79 CIBC 158,098 179,300 1.13 141,500 152,036 1.07 16,598 -27,264

V 89 Raymond James 14,800 18,672 1.26 0 14,800 -18,672

V 44 Jones Gable 20,000 16,800 0.84 14,000 14,140 1.01 6,000 -2,660

V 124 Questrade 35,000 40,850 1.17 29,300 31,844 1.09 5,700 -9,006

V 36 Latimer 5,000 5,850 1.17 0 5,000 -5,850

V 81 HSBC 17,000 18,255 1.07 15,500 16,940 1.09 1,500 -1,315

V 62 Haywood 1,000 1,280 1.28 0 1,000 -1,280

V 73 Sprott 12,000 12,720 1.06 12,000 12,720 1.06

V 6 Union 7,226 7,386 1.02 7,614 8,256 1.08 -388 870

V 59 PI 3,000 3,705 1.24 12,000 11,480 0.96 -9,000 7,775

V 68 Leede 0 9,000 9,669 1.07 -9,000 9,669

V 95 Wolverton 0 9,000 9,830 1.09 -9,000 9,830

V 60 Man Fin 0 10,000 9,750 0.98 -10,000 9,750

V 80 National Bank 28,000 36,390 1.30 58,100 62,231 1.07 -30,100 25,841

V 74 GMP 0 34,900 35,063 1.00 -34,900 35,063

V 11 Orion 0 39,200 43,120 1.10 -39,200 43,120

V 141 Bolder 8,700 10,353 1.19 65,100 74,185 1.14 -56,400 63,832

V 70 Berkshire 0 92,000 98,212 1.07 -92,000 98,212

V 64 Octagon 70,000 73,700 1.05 188,000 211,825 1.13 -118,000 138,125

V 1 Anonymous 471,000 517,765 1.10 1,591,400 1,690,826 1.06 -1,120,400 1,173,061


From what I recall, Octagon buying was supposed to be a very bullish sign. Octagon has been the 2nd largest net seller this month. Something to be concerned about?

the 100K bid just moved to the top - now bidding .87 – how’s that for support?
Beautiful bottom from a technical point of view, however it remains to be seen whether or not we can now officially shift momentum in the coming days.
lets hope so!

I saw the bid at .87 and now it's gone. Perhaps someone testing to see if the seller really wants to sell or manipulate the market.