hi guys, dont own NCM, never have and never will, in fact i havent bought any stocks since about 2008, NCM is now the perfect example, along with other dogs like GBG, SDL, etc.. i dont buy any stocks, i only buy physical gold, the gold price in AUD$ is up about $50 during the last 3 days and NCM is down what, 20% or so during that time?
the only people that make any money from listed stocks are the brokers who list them, and the directors who loot them, by way of free share free options and pay packets that are extremely over generous even when the stock prices get smashed. Us small fry have NO chance, and if you do make money on the market, its not cos you were smart and knew what u were doing, u just got very lucky.
I do feel sorry for you guys, hell i thought NCM was cheap at around $20, but BOT traders are the ones in control along with sell recommendations by brokers and now you know why gina reinhard has no ASX listed companies, she knows the BOTS could send her broke even when the company is in good shape and still making money.
the market is a mugs game, its a casino and its gonna get worse every yr, funny how co's get speeding tickets when they go up 10% overnight with no news, but ASIC dosent care if a co is down 20% in a matter of days, no such thing as a reverse speeding ticket is there?
good luck guys.
NCM Price at posting:
$12.35 Sentiment: None Disclosure: Not Held
