re will it drop down to $11

  1. 1,047 Posts.
    I have recently bought back some calls that I wrote on NCP, locking in profits so to speak.

    I currently have NCP at the bottom of a channel. If it breaks this support then below $11 looks possible. But I expect it to rally from here, although not 100% convinced at this hence pulling out of matket for the time being.

    US looking shakey again, but everytime I second guess the US it seems to head in the opposite direction.

    Bear factors: US Govt looks like tapping the GE media buy on the head; Nervous US market.

    Bull factors: revenues and margins getting better, signs of turn around in Oz and US advertising markets.
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