I have been following the short interest numbers for several weeks - we have had between 25% and 38% of the daily float each day for the last fortnight short sold. Still plenty left to cover - no doubt a stand will be made at $41.00
Next Mondays earnings and CC will be important -If NCM management can successfully articulate the level of earnings at the current gold price then the stock should rally another 4% to 5% on that news alone....
Today's volume is through the roof - in an hour and a half of trade almost 3million......
NCM Price at posting:
$40.71 Sentiment: Buy Disclosure: Held
