Interesting to see from other posters here that Citi and other broker saying or reconfirmed their rating re NCM.
It has something to do with a bit of EGO....they want to be right and some traders would have listened and followed their advice.....that is precisely what tht brokers want.
In market it is not about defending ones opinion, it is about mnaking money.
Now NCM is going further away from 9 and not closer.
When it get to 19.....citi would say and rates it at 9....
when it gets to 23 then citi would say 16.....LOL.........
Wondering if they go short and back their own calls.
NCM can go to 9 if GOLD colapses and it is now highly unlikely event short to medium term.
How does one know for "SURE" that NCM is worth 9 ?? it is only a call......my call is different so others here but it is only a call.
Happy to be long.
Cheers.
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