Last week and a bit NCM has been subject to short selling in...

Last week and a bit NCM has been subject to short selling in anticipation of a likely debt deal plus ususal options pinning - now that a deabt deal has been reached short covering in play - general equity market rally also assisting.

Anyway you slice it NCM a tick below or above $40 remains undervalued. Use this dip to accumulate for medium to longer term - gold lining up for $2k+ come the end of this year/early 2012.