Mate, I would not worry too much of what the hedge funds and shorts are doing as it is what it is they like to play with NCM.
What I like is the action of our market today, again the weak ones got shaken out and the buyers come in...most big stocks finished higher than the low of the day.
One would expect the market to s...t itself right to the close,but after what happened overnight in global market our market resisted and ended down a little...
Market wants to go up, or they need more bad news like the Greek or spain or Italy got into huge troubles.
There maybe another 5 to 10% drop if those news are realized but if they dont....massive short covering will have to take place.
NCM looks ok to me and will keep buying.
Cheers,
NCM Price at posting:
$24.92 Sentiment: Hold Disclosure: Held
