Hi M34N, i didnt list it as a buy as i wasnt actually buying today but holding...seems to be going in the right direction,,,seems everyone is ultra bearish at the moment which makes me feel this rally has further to go, it feels as though everyone is shorting everything beleiving the world is going to end again,,,in the end it just seems Moodys is catching up to S and P and we all know Europe, its banks and its economies are weak ATM..but they are printing to ring fence a hard default and it may hold longer.....so I still think its a buy given the financial result and the fact that margins for ncm have expanded,,,now hopefully they will get the production right and spend some cash on a serious buyback, or div or both, balance sheet is certainly strong enough ATM...
Regarding senitment for what its worth, I just returned on a large tour of Asia and Europe, one thing that got my attention in France was the postive attitude and expression by those i talked to that things will work out....demonstrations as usual everywhere but the cafes and resturants were full and people were paying the huge prices without complaint...at the world fair in Paris for retail, everyone was reporting enormous increases in sales especially out of asia,,,in France and Asia there appeared to be a huge increase in middle class russia on the move,,but the most interesting thing for me was Americans, they were everywhere, something i have never seen before in my travels before, I dont know where everyone is getting the money but one thing is for sure, sentiment is not as negative as I thought listening to the swark box, bloomberg or listening to analyists...
i could be dead wrong but tomorrow I think the shorts are going to get a big suprise
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