I have been following this stock for years. I have lost plenty and made some?!
A UBS report coming out like this is just the classic NCM play. No doubt over the last couple of months UBS have been large net sellers/short. They have probably been set for quite sometime and now feel the trade hasn't got much left in it. They have seen the share price stabilise in this 14-15 area and they have seen what happens when someone trys to close out. (see 2 days ago). Last ditch effort for more falls - put out a steep sell report. Just classic.
Syd Guy I actually agree with you about the prospects for NCM IF gold doesn't rebound. However something tells me gold is poised. Copper also rebounded strongly last night so it wouldn't surprise me to see a jump.
would be nice to see 14.28 hold today, although not hopeful?
NCM Price at posting:
$14.31 Sentiment: LT Buy Disclosure: Not Held