NCM 0.00% $23.35 newcrest mining limited

oversold, page-5

  1. 1,431 Posts.
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    I think I have RSI in my left shoulder.

    Let me clarify what I mean by "oversold". I agree there's no such thing. The market is the market.

    I reckon NCM is worth about $20.50. Or, that's where they naturally belong at the moment according to voodoo and other well known market logic. That means they need to be well below that before I'd buy them. Hence, I got some today at $18.06. And I won't be unhappy if they drop further. I'll just buy more. I know they will come back to over $20 in time.
 
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Currently unlisted public company.

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