Discussion in 'Stocks & Derivatives' started by SilverSanchez, Mar 8, 2012.
NCM just cracked $19 and making a new 3-year high.
Volume is pretty strong too.
Announcement. Strong cashflow allows debt reduction and debt renegotiated on better terms.
Also done a bit more hedging at 1770.
rare charting formation called the u turn.
big jump in volume again. big boys play thing.
NCM - 14 Jun., 3:06 pm AEST $22.56AUD
running on sentiment now I reckon. need the gold price to kick up to another level soon I think.
Gold price is nice I reckon. NCM would have been through the roof today if the rest of the market wasn't weighing it down.
Just wait until we have another +1-2% day on the ASX and we'll see a nice new high set for NCM.
Could be something to that. It came out of the blocks pretty hard and then faded.
picked up a small parcel today. hope this little spike in the gold price goes overnight.
You can all thank me for this. I thinking about buying put options ( you know, the ones which profit from a fall in the share price). Well, as usual, if I had of bought those options I would be deep in the red because as usual I was completely wrong.
I will let you all know when I am ready to buy so you can get out early before the stock collapses.
profits off 12% but in line with expectations. US7.5 dividend. sold off a little more than my other goldies.
newcrest particularly strong today. not sure but think it led the way the last time.
SMH mentions a Fin Review story today at 10:20. mentions Newcrest
short term top maybe?
paying an interim dividend.
up again today when a lot are down?
Goldies looking strong today. People expecting a bottom here?
Gold is at a key support and it's a big news week. Could be a strong move either way from here.
longer chart looks interesting. jury is still out but should know which way it goes reasonable soon.
NCM weekly chart:
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