If the split happens as mentioned in filings, where will NCT go? higher? lower? It is 10.86 Sunday... My thought is lower to about 7 as a knee-jerk reaction. What buy-in point would you expect for more shares? FYI, long 300 shares.
Are you asking if it is possible that NCT will be significantly lower prior to the split? I think you are seeing it flounder prior to earnings, but earnings is Thursday. If you want more shares you better get them before then. I think the earnings report should begin the pre split run. They are likely to make the dividend level clearer in the conference call, and I would also expect a lot more information about their investment. I expect a significant run following the announcement.
When the split happens, the 2 new stocks will both be less than the one was a few seconds earlier but they will total that earlier value. They will each then be on their own and so will you. Good Luck.
yeah, that is my thought also, not sure the residential would be exactly one half the value. Wondering if the split would be $7- NCT and the balance new residential (forgot the ticker)? Just to be safe I did remove my trailing stop loss from NCT - not sure if stop losses are adjusted along with the stock value - probably not.