technicals

The fun & games continue today for NCO.

Price action indicates something is imminent with a close above the first technical level of 19c. Next level is 24c & assuming it keeps going at this rate the stock should be there in the next few days.

Notwithstanding that technicals are quite irrelevant in a stock this size, it still helps to have a look at them & it?s often quite funny watching them being blown to oblivion.

Goldnut posted the other day about being tipped the stock e from guys with a 5 out of 6 success rate & average return of 150%. Suffice to say I?ve in NCO a long time, & given Colin Ikin?s track record, I?d be disappointed with only 150% from current levels.

People have to remember that NCO is Ikin?s first foray back in the Aussie market in a very long time. I suspect that as a matter of pride he?ll want it to be something that leaves an impression - & to me 150% would be nice but not really an impression.

My next questions are: When do they get a speeding ticket & what do they respond?

Guess we'll just have to wait & see.