NCP-What A Day

  1. 342 Posts.
    It seems to me that if Goldman Sachs hadn't upgraded its earnings estimates for Applied Materials that NCP would probably be a lot lower today. It was a poorish open in my opinion today and it really couldn't rally. I suspect the dip for today is almost over, but with the AUD looking strong, if the number is as bad as some speculate then perhaps we will get a decent sell off.

    Interestingly, last time NCP announced they missed by one cent and the share price fell hard for two days. Perhaps, (hopefully!) they will follow in the footsteps of CML et al.

    I'm long an NCP put.

    happy speccing

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