Flash crash in Newcastle Investment (NCT)? The highflier has been weak of late as investors...

Flash crash in Newcastle Investment (NCT)? The highflier has been weak of late as investors await the spinoff of New Residential, but the stock - tripping along with another ho-hum 3% decline - just dove another 5% in seconds before recovering back to down 3% again.
Comments (5)
  • Orthoeconomics
    , contributor
    Comments (178) | Send Message
    $NCT P/E ratio now at 2.81 with forward dividend yield of 8.85%. Why are people selling this?
    18 Apr 2013, 04:12 PM Reply Like
  • Robin0635
    , contributor
    Comments (8) | Send Message
    No idea for the radical drop below 10.00/p/s; profit takers took their's when it was @ 11.20/p/s... At 10, 'stop losses' probably triggered - If not already invested, this would be a great buy-in time - (spin-off probably not till dividend is paid on the 30th of April, and some may have lost patience, but hardly enough to justify a rapid depreciation) - That much of a drop in mere seconds points more to a 'flash crash' - but trading was never halted...
    19 Apr 2013, 01:31 AM Reply Like
  • Kevin Greenhalgh
    , contributor
    Comments (62) | Send Message
    Getting impatient for the spinoff and scared of market weakness. Looks like a buying opportunity to me. seekingalpha.com/artic...
    18 Apr 2013, 04:25 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6907) | Send Message
    Agree. Buy, buy, buy....... or bye, bye, bye http://bit.ly/10lT3Nm
    18 Apr 2013, 09:43 PM Reply Like
  • maineventguy
    , contributor
    Comments (2) | Send Message
    I have been trading stocks for over 40 years and I feel that a stock like NCT is a good investment for anyone's portfolio. The company is thorough and well set up and their format is one of small risk and careful investing and substantial dividends. I bought it at $8.47 and I will be holding it and will buy it again below $10.
    21 Apr 2013, 04:13 PM Reply Like
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