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Newcastle Investment Corp. Message Board

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  • sander0975 sander0975 Nov 19, 2011 7:31 AM Flag


    I don't know bu it looks like more on an reverse bullish cup and handle.

    But i am also (a bit) optimistic.

    I more think about a dividendstock Newcastle Investment is becoming. The price gains will be little but this will be compensated with the large dividend.

    If you look at the expected EPS for 2012 a big move to the north is not really possible i think.

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    • Your observation is noted...but the breakout days of OCT 28 and NOV 8 nullify the inverted cup because they push into the base of the cup...i like my patterns to be a bit tighter....also...there are "GAPS" to be filled up to for the short term i am bullish...and like i keep saying, the tight accumulation pattern we have been experiencing lately tells me that long term holders are investing in NCT for the "LONG HAUL".....its nice to see another chart reader on this board, keep up the good work!

      • 1 Reply to ronrunoff
      • You are right topicmaker.
        The topic you openend had some value but i doubt if it is a bullish cup and handle because examples of Internet illustrate not similar patterns.

        That something is happening is obvious. The price is already since the SPO in September hanging between 4 and 4.75 roughly.

        Another person mentioned 2 months ago here that he thought the stock price will 'dance' around the emission-price of the offering and he had got right!

3.20+0.12(+3.90%)Feb 12 4:02 PMEST