I can never say 100% obviously because its a blind market and I cant see who owns each trade etc etc.. (geeez wouldnt that be nice) I just feel its one fund pushing to the downside and the manner in which they are trading is making bulls like me think twice before re entering....im sure that very soon the bulls and support will return as they are getting quite cheap considering gold is still 900usd....but as I have seen in the last few days, unless you have very serious money holding the line is difficult and can be expensive.....
Hi Phil, your analysis has been very close indeed...thanks for that
Hi Selmax, non taken....I agree that she has been trading in ranges, but I have never seen order sell placements like these on any fall in NCM shares since OCT...
Like you I want to re enter....when the big money starts on the bid because the short position is too crowded Ill be in boots and all trying to get them back to what I think is fair value 36-38 ...(provided gold over 900usd of course and oil under 50)
Have good one.....
NCM Price at posting:
$30.00 Sentiment: None Disclosure: Not Held
