I agree elphamale that by the way it is behaving it look as though it has more to fall.
I have allowed for $7.30 as I mentioned some weeks back.
IchimokuTrader, 18 months involvement in NCM, for that time, 35k is not a sum to boast about. Other traders may have made much more in the 100,000's shorting, but wont say. Plus, I never though of it as boasting. Not my personality. Maybe that is the way you see it.
I mention numbers and my holdings and what I do here so my position is clear and to give others an idea of what one trader is doing. To share info. I'm not a pro, just an individual share trader/investor.
About the IF's, there are many IF's in life. Even if you apply a technique or a rule.
NCM Price at posting:
$8.51 Sentiment: LT Buy Disclosure: Held