NCM is having the Gold Flu ATM. It is obvious to me that this stock has some more way to go down. How low it depends on the POG and $A Strength. Tody's GDP figures and yesterday's Trade and RBA news is not good for NCM. Why $A will go up in these news times.I personally believe that if we have a price drop of say $50 in POG in the next day or 2, no doubt NCM will go down to $19 + as it looks shaky atm.
NCM Price at posting:
$21.63 Sentiment: Hold Disclosure: Held