Simple, in my way of thinking I always expect something happen worse than most people believe possible and I take risk management accordingly and the rest is bonus.
In times like this charts mean nothing and irrational thinking resulting is irrational behaviour is the traits of human behaviour as emotion in the form of fear rule their trading and this is the time where great loss and bigger profit is created.
Those the ones holding "say 2 or 5% of their capital in NCM is salivating to take advantage of this to pick as much as or as little as they wish.
Those trapped with entry price of say 24 or 29 are probably too late to take the loss.....but small divis they pay if continue will always help.
Will it reach 16....may not be monday but in a few days or weeks lower possible. Nothing is sure and I know as much as you do. Cheers,
NCM Price at posting:
$19.53 Sentiment: Hold Disclosure: Held
