lol xerxes, just watching James Gerrish on StockWatch on the fin new network and he is saying pretty much the same as you. $40 resistance, looking to buy back in around $35-$33.
If anyone hasn't seen it, here's the link for the videos:
http://www.finnewsnetwork.com.au/archives/Finance_Archives/0/
You do have to sign up to view videos but it's free. I think these are also on yahoo and other sites.
I'm a long term holder for NCM, not a trader, so personally not looking to exit and re-enter but I do see your logic.
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