NCM
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0.00% $23.35 newcrest mining limited

Great result as expected. Analysts all have price targets north...

  1. Bolivia
    217 Posts.
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    11/02/11
    12:16
    Post #: 7877960
    Great result as expected. Analysts all have price targets north of $40. Gold price holding recents gains. And what do we have? NCM down for the day!!

    I just don't understand this stock. The way it behaves reminds me of when I use to invest in LHG. Oh wait...NCM now own LHG. Go figure.

    In all seriousness, there is some exit or accumulation strategy going on which is preventing the price from moving up. Either that or that short is doggedly fighting this $38 level.

    Anyone ideas?
    NCM Price at posting: $37.39 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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