The high profile status of Penny StockNorth Springs Resources, Corp. (OTCBB: NSRS.OB) continues to provide news updates recently reporting the first drill core samples are expected to be recovered today from the exploration program currently underway at the 20% owned Goldstar/One Arm Joe Gold Project.
NSRS closing price today was $0.814, up 10.00% (+0.074).
NSRS traded volume of 7,823,645.
NSRS is trading:
- $0.194 above its 20 day moving average,
- $0.114 above its 10 day moving average and
- $0.096 above its 5 day moving average.
NSRS is up 114.78% (+0.379) since December 29, 2011.
NSRS has a Market Cap of $566.54M with a 696.00M Shares Float.
North Springs and its partners are currently conducting a 21-hole drill program at Goldstar, focusing on seven (7) high-priority target areas according to CEO Harry Lappa who looks forward to getting some new drill results soon and possibly adding to the previous gold estimate of 350,000 ounces.
Seeing as how NSRS has held its ground through the entire month of January without any massive dips in the stock price, NSRS could be the real-deal.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
- Trade Responsibly.
- Verify everything.
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- Do not use market orders to enter a position, use limit orders.
- Have a System That fits You.
- If a Stock Gaps Open, Look for Pullbacks to Enter.
- Plan a Trade and Trade a Plan.
- Always use stop loss orders to protect yourself.
- Positive Self- Belief.
- Keep trading as Part of a Balanced life.
- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
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