As I write this NCM is sitting at $38.02 I have the feeling that the $38.00 level will be well defended later today. The recent history shows that the boys playing the games with this share price know what they are doing.
The fighting to push the price under $38.00 will start round about now lunch time as it has for the last 10 days or so.
I do not like it either but I am afraid it is just how I see things for now. Tomorrow of course is another matter. With the gold price in record territory these boys may have a fight on their hands but so far to date they have proved omnipotent.
Of course I would dearly like to be proved wrong here. We shall see.
Cheers: Andy
NCM Price at posting:
$38.01 Sentiment: Hold Disclosure: Held
