LAS VEGAS, NEVADA — (Marketwire) — 01/12/12 — Rocket Alerts has been tracking this stock for over two weeks now. North Springs Resources Corp. (NSRS), a highly touted OTC issue has traded over 300 million shares and has dramatically gone up in share price making tons of shareholders believers in the company-s golden future. However as is often the case with these types of companies, once the promotion ends and the hype disappears, the share price inevitably drops trapping most of the previously ecstatic investors. The objective then is to figure out how far it can go and escape with your profits intact.
This morning a stubborn resistance level of around $.50 (BarChart) collapsed and North Springs Resources Corp. surged ahead. A new resistance level has now re-established at around $.60 (BarChart). What does all this mean? Will there be smooth sailing from now on, or trouble ahead. As the savvy investor knows, all that glitters is not gold. Our advice on any stock is this: Don-t drink the #Kool-Aid. Instead you should be looking for buying opportunities on the dips. In our research we-ve counted over a dozen promoters who seem to be finishing up their campaign runs on this one and the question you have to ask yourself is this: When the budgets for their campaigns have run out, what will be the fate of NSRS?
Will the previous acquisitions and the proposed and very promising acquisition of the property in Ghana be enough to sustain a continued rise in share price and is all this enough to warrant (as some are predicting) a multi-dollar projection? Is it even enough to realistically expect the share price to sustain its current level? A lot of it will depend on whether the company can exploit production in timely manner so that it can retain its current long-term shareholder base. If they are too slow then many folks will simply take their profits and leave NSRS behind in a cloud of gold dust.
At Rocket Alerts we share Morgan Stanley-s bullish attitude on gold. #Boo-yah. Finding junior gold companies (like NSRS) that can go directly into production (cash flow) is what we specialize in, because of the potentially enormous value to investors. But one should never throw caution to the wind. Bottom line: The RocketMan verdict on NSRS: Highly Speculative. Looks good in the short term but may not have long-term legs.
At Rocket Alerts we specialize in spotting the subtle signs of impending disaster. The reason I say “signs” and not patterns is because most often there is not a particular pattern to watch for. Chart Pattern Recognition is a valid if not an altogether perfect tool for figuring out Big Board stocks and predicting their behavior, it is however mostly useless when applied to OTC issues. This is why so few who play the OTC market, make money in the long term, they are using the wrong tools for the job. And this is why just when they think the stock can only go up it starts tanking.
Playing the OTC market you have to know what signs to look for but if you know what they are, they will lead you to huge profits. With our approach you will get not only be able to get in early enough to profit from the rise but you will also learn what signs to look for in order to have a safe and profitable exit strategy. To see how you can boost your investment profits with our absolutely FREE Newsletter please visit our website: .
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