For what it is worth, here is my take.NST took a hit because...

For what it is worth, here is my take.

NST took a hit because analysts downgraded the stock, in part because the first quarter of POGO was underwhelming. Objectively the price was white hot against any reasonable valuation. At least you could say it was a little bit ahead of itself and valued for perfection. 

Here is the positive thesis;

1. If you look at the charts, while the tight channel is broken (which sucks) the stock seldom moves below 36 on the RSI (ever) and it is close to that. 

2. Sector is off, so it’s not all NST. Mood swings are the market.

3. The management team and BB are value creators and manage assets very well. POGO will likely deliver under their management.

4. They are drilling, drilling drilling. Do enough drilling and you are likely to find something.

5. The JV deal would be a good one if it comes off.

6. They have dry powder and a balance sheet that can borrow well if something good comes along.

7. Gold. Who knows, won’t call it, but the A$ deserves a 6 handle rather than 7. That will come I am certain.

im not calling it up, and sell downs are emotionally draining when persistent but, last thing. At least you are not in RCR Tomlinson