NCM newcrest mining limited

7.77 or back to 7.25, page-3

  1. 2,498 Posts.
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    Hi Lincoln,

    You maybe right and I decided to take a nice profit for only one day work and not willing to give a cent back.

    Will go long or short on confirmation that 7.77 broken on the way up or 7.25 broken on the way down.
    I dont have any preference in making money by shorting or taking long position as the smell of money is the same.

    Looking at the chart it is certainly likely that the move up will continue for a few days or one more day.
    If gold goes up NCM certainly will go up but I cant see the future and have to decide at "the now" moment and that "now moment" showing me a great profit so I took it.

    NCM is so unpredictable and I dont believe the downside move is over YET.

    Cheers,

 
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