I have got enough long position but willing to add more at extreme for short term trade but also I have short positions and I dont trust this company anymore.....or sentiment toward the company.
We just see another move which happens alot with NCM up alot then drop alot more....today move happens lots of time, where gold goes up and yep NCM goes or up just a little tiny bit and sometimes it goes down instead.
It means NCM is lacking support or confidence amongs traders are wearing thin, the other day the move up was clearly the action of short covering.
POG can move higher and higher but it is not always sure that NCM will get pushed up like years ago....I would take profit anytime it is available....and to open ahort position at extreme have proven very profitable.....today it moved high then lower but finished off high.
Tapering will happen and it is only a matter of time.....US congress will have to approve the increase in US debt.
Cheers,
NCM Price at posting:
$10.99 Sentiment: None Disclosure: Held
