Hi All I recently bought up big in NCM with a Margin Loan. Got the stock at $12.32. It has only dropped since them so obviously my timing couldn't have been worse.
I am seeking some guidance from HotCopper users on both the Technical and Fundamental side. Where people see the potential downside/upside for NCM over the next week.
Specifically, I would appreciate anyone's views on wether NCM has a serious chance of hitting $9 (or less) soon, in which case I need to get out ASAP (today). Conversely, what are the odds of getting a spike up near the $12 mark in the next 4-5 trading sessions? If this is the case I may try to hold on.
Do you think this is a serious over-reaction to the US political situation or are we headed much lower?
All views appreciated.
Cheers
Macdog
NCM Price at posting:
$10.98 Sentiment: None Disclosure: Held
