As for me, being the cautious fellow I am, I'm still reading NCM as moving within the established channel - hence my buys sitting at $18ish and under.
Justified layoffs may in fact, though, be read as good business at the moment. Hope your job is safe though!
NCM remains a preferred play when the overall outlook firms up, and when we see a break in the channel. I too am bullish on this one mid term. As I keep harping on about, though, I don't think taking large positions prior to the g20 fallout is prudent. If I'm wrong, though, I won't be sad. Lord knows I hold enough gold stock all over the shop. NCM just isn't buy and hold for me just yet.
NCM Price at posting:
$23.19 Sentiment: None Disclosure: Held