tempting, page-56

When Warren Buffett bought 5 billion worth of Bank Of America (preferred stock) in August/September 2011 when the shares were trading in the 6's, the panic and fear amid plunging bank shares was extremely high.

It was so wrong to buy bank shares and especially Bank Of America (BAC) shares as it felt like BAC in particular was in a weak position and likely to go bankrupt. BAC was going under and the share price was getting ready for the day when shares were going to go down to zero.

Buffett looked like a fool 2 months after the purchase. As he was 1.5 billion down on his "ill timed" investment. Buffett had finally F..Up and was being doubted. BAC went under the "psychologically important" $5 mark.

Getting back to NCM, the bottom is always dramatic. A stock never bottoms in a painless smooth way. Of course it is going to create fear and controversy.

So, what we are seeing now is typical negative talk and low sentiment that often occurs around opportunity.

NCM should be bought now, even if it goes lower after the purchase. Just buy more.

Many have mentioned that they are ready to buy once NCM gets to 8's, 7's. And I am sure institutions are eyeing NCM during this weakness, also waiting to buy, or buy back cheaper the shares that they sold higher up. This assures that support will surface and a sharp reversal will take place and continue all the way back to 10 and 15 in the next 12 months. Make no mistake, even today's shorters will fall over themselves to be on board this stock they are talking so negatively about today.

If NCM shares do not recover to at least $15, NCM was not a big cap share that once hit $40.

BAC share price for those who need inspiration on this day.