"The NCM Calls are being savaged right now and I pity the poor soul who bought 400,000 NCM at $37.20 before the open today.
Gold fever can make you blind I guess.
I agree with others that $45 is "the first target" for NCM..."
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COMMENT
Why would you pity someone who potentially could make $8 per share?
The guy who bought 400K units certainly hasn't done it to scalp 10-20 cents, right? When one decides to invest $15M in a company surely it would be mid to long term investment, not a T3 or a day trade.
That's a nice 21% return.
Where do I sign?
NCM Price at posting:
$36.74 Sentiment: None Disclosure: Held