What a ride!! I was certainly calling it over bought at 37 but thought I was pretty safe buying below 34. Alas as a pretty experienced trader I know every correction on a rising market eventually bounces and I feel NCM is setting itself up for a ripper at some stage.
All i have done is send plenty of cash to IG markets to avoid any margin call in the event of a whip saw, and will ride this one out, for monmths if need be.
NCM not some dying penny dreadfull, but by golly she is wild.
Cheers and all the best
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