NTO

[AussieTrader]

Hi,
A question for any trade:

Why wouldn't you on a any winner trade let it run it course with a tight trailing stop order & not put a deffinite sell price?

Thanks,

Jacob

From my experiance t-stops (which are usually based on a set % below the actual price) are ok in some circumstances, but they do not take into account support / resistance. It is better when setting a stop to put it below certain support areas / previous reaction low areas so that you are using real support zones to protect your position. Also, if you don't have a sell target, then you will likely exit a trade emotionally rather than mechanically / based on resistance / logical targets e.g. a moving average or top of a trading channel.
Good luck

[jkotlicki]

Thanks for the explanation.

[eliteG]

Hi,
A question for any trade:

Why wouldn't you on a any winner trade let it run it course with a tight trailing stop order & not put a deffinite sell price?

Thanks,

Jacob

I also wanted to add(AussieTrader gave a great response) that we decided to put a target on NTO because that is the natural projected target of the pattern it was in(an ascending triangle).. I also wanted a reason to be able to sell this stock before $5 resistance set in.  $5 is a psychological resistance level that at the very least will slow the progress of NTO.

update NTO:

NTO gapped today.. and tried to go higher but was turned back by the rest of the market.  Thtas ok it still finished nicely.  The purpose of this update is to move out stop higher.

We will hold NTO unless it hits out target of 4.90 or closes below 4.27.

[mexirafa]

Hi G,

Thank you for the update. Should we be concerned with the MACD and the STOCHASTICS being in the overbought area?

thanks,
rafael

[eliteG]

Hi G,

Thank you for the update. Should we be concerned with the MACD and the STOCHASTICS being in the overbought area?

thanks,
rafael

Hey rafael - many of the stocks in the 3sof portfolio show overbought signals.. the strongest stocks continue to show overbought as they trend upward because stochastic, cci, william%r, RSI ..etc are oscillators and work best when a stock is oscillating or stuck in a range.  MACD doesnt have overbought/oversold levels.  My advice is stay away from indicators completely.  Stick to price and volume. 

[mexirafa]

Thank you much!

[eliteG]

update NTO:

Nice move today on lighter volume... it brings us close to our target.    Perhaps we will hit it tomorrow or later this week.

 

[mexirafa]

It is trading at our target in the pre- market hours.

[eliteG]

It is trading at our target in the pre- market hours.

Nice! 

[mexirafa]

Sold at 4.90

[eliteG]

Sold at 4.90

nice trade 

[mexirafa]

It was a nice ride!!

Man, have you checked out the monthly chart???. .

This could be a nice pick for the long term.
imo,
rafael

[KCScott]

Just dropped in to say Hi and that I'm still holding NTO since $4.00- Sitting at $6.20 now

This is a good example of why I don't like setting high sell targets:

The chart is outstanding, the fundamentals great and the sector on fire.

[setravis]

Press Release Source: Northern Orion Resources Inc.


Northern Orion Shareholders Approve Plan of Arrangement With Yamana Gold Inc.
Wednesday August 22, 2:10 pm ET


UPDATE - Northern Orion OKs Yamana deal, Meridian opposed


VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Aug 22, 2007 -- Northern Orion Resources Inc. (Toronto:NNO.TO - News)(AMEX:NTO - News) is pleased to announce that its shareholders have approved the Plan of Arrangement with Yamana Gold Inc. ("Yamana"). At a Special Meeting of Northern Orion shareholders held in Vancouver earlier today, the Arrangement was approved by 83.1% of the votes cast and no notices of dissent were received.


Under the terms of the Arrangement, Northern Orion shareholders will receive 0.543 of a Yamana share plus Cdn.$0.001 in cash for each Northern Orion share. Among other regulatory requirements, completion of the Arrangement between Northern Orion and Yamana remains subject to at least 66 2/3% of Meridian Gold Inc. ("Meridian") shares being tendered to the Yamana offer for Meridian. Yamana's offer for Meridian is scheduled to expire on September 7, 2007.

Commenting on the results, David Cohen, Northern Orion's President and CEO said, "Northern Orion's strong shareholder support for the Arrangement demonstrates our clear commitment to the business combination with Yamana. This positive vote also considerably simplifies the transaction involving Northern Orion, Yamana and Meridian in that an essential condition has now been removed from the transaction. We continue to believe that the resulting company will have one of the strongest growth profiles and cash flow generating abilities in the intermediate gold producer category."

David Cohen, President and CEO

FORWARD-LOOKING STATEMENTS: This news release contains "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws concerning the proposed transaction involving Yamana, Northern Orion and Meridian. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Assumptions upon which forward-looking statements related to the proposed business combination of Northern Orion and Yamana include that Yamana will be successful in acquiring 100% of the issued and outstanding Meridian shares, that all required third party regulatory and governmental approvals to the transactions will be obtained and all other conditions to the completion of the transaction between Yamana and Northern Orion and the conditions to the Yamana offer for Meridian will be satisfied or waived. Many of these assumptions are based on factors and events that are not within the control of Northern Orion and there is no assurance they will prove to be correct. Northern Orion is under no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance of forward-looking statements.


Contact:
     Contacts:
     Northern Orion Resources Inc.
     Investor Relations
     1-866-608-9970
     Email: [email protected]
     Website: http://www.northernorion.com
--------------------------------------------------------------------------------
Source: Northern Orion Resources Inc.



52wk Range: 3.28 - 6.25
Volume: 5,178,700
Avg Vol (3m): 988,060
Market Cap: 915.28M
P/E (ttm): 16.10
EPS (ttm): 0.37

Technicals
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
20.22%above 13-day MA
17.01%above 50-day MA
RS Rating: 88 

Fundamentals
Key Data:
Market Cap (M): $329.28 
P/E Ratio: 503.33 
PEG Ratio: N/A 
Next Earnings: 11/13/2007
Last Analyst Rating: Market Perform