Sold NCM, opinion on current markets
by, 20th-October-2007 at 09:29 AM (1894 Views)
Bought NCM @ 28 and sold @ $29.60 as it approached its all time highs.
The market is experiencing increased volatality (not that it wasn't volatile already).
Expect these hiccups along the way, remember the Dow has been in an uptrend since July 06 to July 07, that's 1 year of upward run, expect periods of shock & consolidation.
The US economy still continues to grow (stuff what the media paints), the Fed will act as needed to stimulate growth, and earnings HAVEN'T even been that bad and they're predicted to be double digits next quarter.
It's a testing time, but its a time to hold on and if you have low gearing and hedging abilities you can ride this out.
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