My time with NCM is over. I kept trying to catch the falling knife, and it kept stabbing me. I was down over 25% but held my nerve. Finally it rebounded and I have decided to sell at a $700 loss. Considering I was over $30000 down, I feel pretty ok with this.
This stock can burn you and reward you. Great if you catch it right, shocking if you catch it wrong.
You need nerves of steel to play the stock market right now, and my nerves officially need to recharge. This market is too hard to be in and you never know what's round the corner. We just had QE3 and had one day for the ASX to rally. Now it's only up 0.4%. Some rally. It might be good for gold with QE3 and if Europe defaults, but then NCM share price collapsed during the GFC. No one knows.
Thank you to all for your NCM commentary over the past 6 months. I have read it everyday with great interest. Good luck to you all who are brave enough to remain in the market.
CandN1986
NCM Price at posting:
$28.79 Sentiment: Sell Disclosure: Not Held
