I bought some NCM today because I though it was cheap.
I thought Gold Prices would go up.
I thought Copper would go up.
I thought NCM would be a takeover target.
I thought forward P/E's were to low.
I thought If NCM decided to list on the S&P 500 it would reach $25 AUD per share in a flash.
I though the Bollinger Bands would make room for NCM to move much higher.
I make mistakes but it seems todays trading was not the day.
Perhaps people will mull over the evidence & come to the same conclusions as me???
I am holding NCM Call Warrants that expire in 2 weeks so I do not have a much room for error in my decisions.
As I sell the warrants I hold over the next 2 weeks(I do not have enough cash for conversion) I will be looking to buy into different NCM Call Warrants with a longer expiry date .
Perhaps NCMWMM.
Nothing is certain except that I am sitting on way, way too much NCM & need to offload.
I can wait another week or so.
I am a Gambler if nothing else.
Same like that Aussie Poker Player on TV :)
I held NCMWOF until the last day.
NCMWMK I need to offload some next week, hopefully it won't affect the shareprice too much.
I'm holding 35,000
Holding 10,000 NCMWML
JBM my mainstay hammered today down 1.29%.
Thank Kerry for the dividends later this month:)
Cheers.
NCM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held