NWS down US$0.79 or 2.98% re: Gemstar

  1. 5,816 Posts.
    Hmmm... one of the two unknown quatities acting as major gravity on NCP in recent times has been Kirch and Gemstar issues.

    With one (Kirch) deal looking as though Rupert may have saved a life, NCP watchers have been waiting patiently on news of how Gemstar would evolve ... and it has not been good.

    The overnight tank of US$0.79 or 2.98% seems likely to be translated into NCP action here this morning given the already $0.60 drop yesterday ...

    Thrillseekers who were SHORT early yesterday would have seen NCPWOY firm $0.03 or 46% (61% on previous close) with the likelihood of more upside today ...

    Remembering, NCP tends to gap on opening and action can all be in the first hour or so on overnight news ... then plateau for the rest of the day which can be like watching grass grow ...

    If NCP does a pyke with twist on opening earlybirds should do well ...

    Lock 'n load ... finger on the trigger (tight stops)


    This is only my view ... read the red stuff.

 
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