Nevada Copper (NCU.to): How low can it go? It’s that moment once again when your broken record of an author notes
- NCU is even cheaper than last week’s cheap price
- He doesn’t own
- He’s tempted to buyAnd the only one of those I’m happy about is the second one (because I’m already holding enough bags as it is, thank you very much). Some bright spark analyst is going to call the bottom in this stock and make a name for themselves, but right now it has all the hallmarks of that dangerous knife-catching game and it’s anyone’s guess (underline guess) at what point the reversal kicks in. As long as copper holds up (and anything above $3.00/lb is good enough) it’s fundamentally a screamingly obvious buy, if you can handle the potential of a rough period at the start of your holding period.
And here's the 10 day chart of NCU.to, including today's action spurred on in part by this NR: