true gearing of ncm, page-6

GT,gdennis,

The fact remain as it is and if you guys have gone short and continue to be short at 20....you would have made a fortune.

SG is one of the traders who had and still has short bias on NCM and unfortunately or fotunatley he is right.

We dont need to be bitter if our result is not matching your expectation.

I was a long till I realized that I was losing more than winning....the ONLY LOGICAL is to change from long to short, if I continued to stick to my long position and to my "wrong" belief I would have lost a fortune.

We dont need to attack anyone here as it only shows poor result of ones trading, be mature and you can disagree or agree but try not to be personal.

Remember also there are many traders here at HC who have short position and I happen to agree with SG on so many points.....SG is NOT THE ONLY SHORT here.

To wake up sooner from ones mistakes is one of the keys to stay alive in tis game.

NCM to me is only a tool to make money and I dont have any problem with them going up or down as long as I continue making money.
To fall in love with a stock and keep defending it is a perfect recepie for disaster or "blow out trade"

I happened to have these kind of trades in the past as I ignored the fact that I was in the wrong trade.

Market will decide where NCM should be it is not SG or me or you....you like it or not NCM will continue to go down if the conditions remain the same and will go up when and if the conditions change

You can be assured at that point I will be the first to take big long position so SG and other shorts here as sticking to short at that point will surely kill you.

I will admit that I am wrong if I am wrong and in this game we will be wrong most of the time....and I will take full responsibility of my trade....no one elses fault.
We will always have people who disagree with out opinion but market always need 2 opinions and only one side make money.
If we always agree and take same position then no one would ever make any money.

I dont always use put or call in my trading, taking a short in CFDs or stocks are as good as options.

Given enough time you and me and SG at one point would be all proven right or wrong but I like to make money as soon as I can.
As you see I am now neutral as I am waiting for signals and who knows NCM may try to break higher and if you read my previous posts I actually made money from NCM long position

I believe holding or taking a short at this price in NCM has become more dangerous and anything can happen and if they can come up with solution and if gold goes up strongly
the potential making a KILL going long is very real.
We just dont know "when" but I would never ever rule that out

Cheers.