ncm in the $11's

It has become a speculative stock. This subject heading has now become a reality. I have lost interest. As I now feel there may be no limit to the downside. Too many issues. Very similar to a bad relationship. Best is to change the woman/man or in the case of a stock, change the management or the stock itself.

The bear flag has turned out and as I calculated on 1 June: "NCM has now been trading sideways for 10 days since 20th May. Not good. If it fails to snap out of this sideways action by a decisively sharp rise, then I am afraid we are looking at another potential bear flag. Target of which. 17.69-14.28=3.41 and say 14.30-3.41=10.89 or around $11".

So, I think as a start, $11 will happen before any short term bounce.