deadset buy signal, page-19

Happened to turn on the tv last night and first question on a stock was ncm, it appears that now ig markets are now in the same camp as maquarie private wealth warning of a potential cap raising.............that is a massive turnaround from their screaming buy call of the first of jan.......

Looked more into their theories and whilst the CEO has catagorically denied the need, their view is that ncm may need to do it because of the catagoric focus to keep their investment grade rating

Could have alot to do with current action together with sub holder wanting out and especiallt pog aud falling very hard of late.....

A cap raising possible, yes, do i think its likley given the info at had, no because they have already tapped the bond market for one billion to pay for all of these new projects and unless they have sudden cost blowouts i would have thought their existinf cashflow would cover the liability............

Just thought t was worth noting as maquaries resent speculation is now being agreed with by ig markets.......

On other issues, trade today will see a new low 52 weeks i suspect........

Crazi night indeed with usa markets turning around based on merkel saying " cancel the news conference" and market then taking that as a positive because they must be working on a solution.."..........give me a break'!!!!!!!!".........seems to me, the only ones trading are the computers and time will tell who is holding the bag.......

Trade safe