Not that anyone really cares: I have gone very long, with a back stop in place.
I totally agree with your analysis of NCM Sydney Guy, however it's known information. The market IMV has a way of confounding logical analysis.
IF, and it is a big if, some of the factors which are conspiring to trash NCM share price reverse course, then we could easily see a large % jump in NCM.
The risk of large % moves are much more evenly skewed now and for the first time in ages I felt a punt was worth while.
I have been playing this game for 20 odd years and the market never stops throwing curve balls.
I could be early on this, but I thought it was worth a hedged punt.
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