re: ncp down 60c
Its just contrarian trading. The instos are savaging ncp because they can get away with it.With US indices dropping post war, shorting anything is fair game.Thats how pros play.
Those that have been long for a while, like me, will probably take profits to protect what they can, thinking they can get in cheaper later.The sellers will usually be wrong, and fail to get back on when it moves up.Just when you think youve got it worked out, it will go against you, and then change again.
The deal is still good for ncp, but at the moment, you have do what the market is doing.I'll wait until the last hour today.
