Mostly agree with you there Bonzaboy, yes, if you want to stay safe, best is to wait for the trend to change from down to up. But it is not that easy. The uptrend always starts from a falling position.
Whether you are bull, bear or on the side lines, there is every chance that NCM can be $10 in 1 months time.
Nobody can say no it cannot be, to that comment.
So there is a potential 10/8.79=13.8% return in it in a month.
I still say today and the past 1-2 days was a buy.
Back up the truck (sorry SG).
NCM Price at posting:
$8.79 Sentiment: LT Buy Disclosure: Held