SG, Yep Citi bank must be happy alright and probably they will be proven wrong as 18 will be passed too.
I have to say that I am happy too to have kept buying as the price kept falling so thanks to the shorts....for giving me the opportunity to pick some at under 16.
If the money keep flowing into miners from some of the defensive then NCM will get pushed higher. This is happening now where the underperforming sectors the miners are now participating in the rally.
They are the ones which are going to push our market higher nothing is sure but to be long in miners for a while have now started paying a nice profit for me.
Pullback in market or NCM.....yes will happen....a crash? may not happen in May this year. No time for celebration yet as gold can still dip lower... for this time still over 1400 and NCM now looks highly unlikely to go to 14 or lower.
Mate as usual the bears and bulls or the shorts and longs make money but the pig got slaughtered....those the ones holding cash.....or wishing things to happen but not willing to take risk....and some are still waiting to get in at 14....at the end they will buy at 22.
Cheers mate!!
NCM Price at posting:
$17.61 Sentiment: Buy Disclosure: Held
