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It's as clear as day. This is the time to now be buying, not selling.
And if a billionaire is buying, others will too....
Not much left in the sense of daily trading it anymore. I set the trades up to sell on a couple of occasions over the last two days and even this morning, but decided not trade as sp didnt allow much of margin to get back in.
Time to hold and/or add now!!
Ftses collapsing again! We need billionaire to increase %. But im guessing they waiting for freeh..
FTSE may be collapsing but NMC is out-performing... that's a very bullish signal.
As I say, conviction shorters do not close their positions in mass unless real upside on the horizon. This is now a buy.
Matter of time before this soars back above 1000...
Wall Street going UP
Nickel you cost me 50k on fres... and then it found a home in tullow and lost me another 50k. I shouldnt of listened to you. I wish you was negative here and i could tell myself Im not going to make that mistake again.
MrD - well I've been short from FRES in 800 and TLW from 200p (closed high 60s) so if you'd taken my calls based on the fundamentals at the time it wouldn't have been so bad. Sorry to hear about your losses though!
As for this, i rejoined in this around 800, called it long and see a much higher move coming in due course. I'm a conviction shorter most of the time and when you see loaded shorts all covering you know what they think about the price. As I say, the upside levels are extremely attractive now and that's why this is one of the best movers in the market right now. NMC is almost a safe haven! GL MrD
Technically, its looking very interesting now too.
Up to the 20 day moving average on the daily chart - the first time in THREE months. Moving above is a very bullish signal.
This will be taking off very soon...
I came in at 790 and I'm confident of at least doubling that. I have to say, I'm impressed at it's performance in the current market. Makes the decimation of my fund holdings a bit easier.
Colmcq - nice, just below me then. NMC shares are in demand again... and as said already it's extremely bullish given how bad the overall markets are right now. Just wait until the FTSE has a blue day.... it could comfortably do 20%.
Helipad - and yes, good point. Health Care provision is indeed the place to be right now!!
What's blatantly obvious is just how ridiculously cheap this has now become.... and a few others know it too.
EV/Sales 1.5x that drops to 1.3x in 2021
PE of 8 thats estimated to drop to 6 in 2021
The Corona backdrop is of course supportive but the real drivers of the price are ... A Billionaire accumulating, technical bottoming pattern and now above the bullish 20dma, the final shorts closing, the very low valuation metrics as just aforementioned....
On the short case, fantastic to see that everyone has closed apart from AQR who are now down to 0.69%. Their position is equivalent to around 1.3m shares. For context, that's about 80% above today's volume. When they start closing theirs down the momentum is only going to get greater...
Buy and hold.
Roll on the share price by the end of the week....
Nice to see this starting to pierce through those very tight bollingers on the 2hrs chart. Breakout time...
It's happening...
Athena Holdings Limited just disclosed they are buying also...
When this is back over £11/£12 , a few will definitely be kicking themselves.
Dont forget guys and girls this has only been going up when the FTSE has been tanking. When the FTSE has that blue day this is going to go wild....
No correlation to ftse. In fact the recent correlation (if you calculate it) is negative! When ftse was going up this was still going down. It’s going up regardless of ftse, don’t mix the two.
Yep - i sold out at 1384 - now an observer watching you lot scrabble for pennies - i wish you well cos i have been burnt too many times.
btw - i lost £19k - so i got it wrong too - not bragging - just pleased to be off the rollercoaster called nmc.
Its ok dougnew you can join back on at 1380
Mini riot for the stock anticipated tomorrow and Friday...