North Springs Resources Corp. (NSRS)

[startmeup]

ALERT!!!!


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Hello Stockhaven Members, we hope you're enjoying your day (or night depending where in the world you are)!

Our alert from yesterday, NSRS has already returned 50%+ for our members who followed our alert! We wanted to send an update out though as there's some new information available regarding NSRS. Awesomepennystocks.com has started promoting NSRS, shortly after they promoted AMWI. While AMWI did run from $0.10 to $1.39 it also tanked from $1.39 to $.26 in 2 hours, leaving many to debate whether or not it was actually a successful promotion and many more holding the bag. Many people likely got burned on AMWI so we have mixed feeling on how NSRS is going to perform.

We have been able to confirm that TDAmeritrade is restricting their clients from buying shares in NSRS. TDA is a huge brokerage house and them not allowing their clients to trade NSRS is another reason why we think it will struggle to make a huge run. Luckily, since we already bagged 50% in less 24 hours we don't much need to worry about what NSRS does from here.

For those of you though who want to know what to look for from NSRS to keep the uptrend in tact there are a couple of key support levels to keep your eye on. The $0.27-$0.28 range is currently acting as support (at last check NSRS is at $0.29), so that's the first support to watch. The second key level is the $0.24 (Tuesday's close) - $0.25 (today's low). Below that $0.20 is absolutely key support. Ideally, NSRS won't trade below $0.25, that would have the chart looking very bullish and set up for a move into the high .30's and possibly beyond.

As a quick note, our gut is telling us to be really careful with NSRS. We feel like awesomepennystocks is doing an alert too quickly after the AMWI debacle, which we outlined in great deal in this article. So be sure you have a plan for trading NSRS, one that accounts for taking losses as well as profits. Trade smart, have fun, and make some money!


Recent Articles posted on STOCKHAVEN.COM:
The 2,400% gain you DIDN'T make on North Spring Resources (NSRS) -- Article can be found here
Elray Gaming (ELRA) shows why Level 2 is so important -- Article can be found here
Has bestdamnpennystocks.com gotte his mojo back? -- Article can be found here

Also for you newer Traders be sure to view our Trading University video link, we posted 2 new video's there recently:
Live Trading Lesson (12/28/2011): Selling the gap -- Video can be found here
Recognizing dilution: How to recognize dilution by analyzing a chart -- Video can be found here


Your STOCKHAVEN Team






Stockhaven Chat Room



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