bball , I hope NCM turns north quickly too and my opinion as a long term play, newcrest certainly has merit particularly buying around these levels.
I used to be a buy and hold guy and that strategy worked well for me till a few years ago.
Now I am short term trading as I am finding it works better for me during these difficult market conditions.
Each to his own style.
FWIW long term I can see NCM visiting the forty level again but short term I see it going lower if 24 fails to hold but the landscape can change very quickly at the moment.
Best of luck
NCM Price at posting:
$24.65 Sentiment: None Disclosure: Not Held