Think we should see a bit of a bounce this afternoon , as tonight in the US is a huge risk event - if unemployment numbers are shockingly bad then we may see some announcement of QE being considered or similar , causing all asset classes ( other than the USD of course ) to rally big time.
Or not - anyway I'm not a trader but tonight could see massive swings in gold/equity markets so SG et al stay safe.....
Fundamentally and from a longer term perspective with aud gold approaching $1600 and set to rise further the margins for NCM have never been better and the stock remains mind boggingly undervalued.
NCM Price at posting:
$39.34 Sentiment: Buy Disclosure: Held