I think you may find the numbers tonight will be bad but not as severe as the market has priced,,,,after 10pc in a week its looking for an excuse to bounce...
Ncm,,,,,may or may not participate with report out soon on the cusp of big night ahead...current theory,,, for a bounce the stress in the market reflected by gold price will fall representing the end of the panic,,,,,,so im just holding ncm puts, not adding or going long....
Im just long the market now.....as i feel its just leverage coming out of the system in the form of forced selling which should ease.....
My only recommendation is,,,, nomatter what your view,,dont panic,,,,,take some profit where you can and move some of your capital to safety.......
Oh,,,,,short the gillard government,,,in particular swan,,the financial controller with no real idea
NCM Price at posting:
$39.35 Sentiment: Hold Disclosure: Held