Don't worry - plenty of old school NCM investors looking to exit now we have hit $40 - lets give it a day or 2 and once this selling absorbed I would expect a quick run to $45 In comparison to its overseas peers NCM remains significantly underbought. Imagine where the share price of NCM will head once the insto's start factoring in a gold price of $1500 - NCM still seems to trade in line with a gold price of $1000 so still an excellent buying opportunity imho.
NCM Price at posting:
$39.99 Sentiment: Buy Disclosure: Held