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Newcastle Investment Corp. Message Board

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  • aghfella aghfella Sep 26, 2012 12:39 PM Flag

    Big volume

    Keep in mind that the avg vol you see as 2.5 million includes 4 SO's of 20 million this past year. The real avg vol is 1.3-1.5 million. Conspiracy theory aside, there is news coming, hopefully it is a SO, but if not I am afraid we are going to get some very bad news. Usually on up coming xdate the vol is usually up a little on the buy side, not super big on the sell side, This is troubling, especially when other reits are holding their own.

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    • Not troubling at all. It's just games being played by the market makers. I would expect we will see a nice rise tomorrow on exdivy. If not, then it might be time to start thinking up conspiracy theories, until then, no worries.

    • So, taking into consideration the 4 SPOs, then it's traded 4-5 times normal the past couple of days and today will be near 3x. No one really knows what's driving the downward pressure but based on the size of some of the trades (1million +) I'd venture a guess a fund or institution is liquidating a position to take profits for end of quarter window dressing. Remember, NCT leads the REIT sector in year to date share appreciation. Wouldn't be out of the ordinary for profit taking. JMHO.

      Sentiment: Strong Buy

      • 2 Replies to bobdbeck
      • I agree completely. I am way,way to heavy with NCT in my portfolio, but most of it was bought at $.75-1.50 when I was trying to avg out. Now I am a holder and will probably buy a chunk next week, depending on the news. Right now I'm just hoping we don't have a repeat of what happen when we got to $8 a couple of years ago. Hard to believe this started with a purchase of 1000 shares @ $22.00 a few years ago. If we could just hear something positive on the mortage side.

      • RIMA was selling out their position, I just am not sure if they had it done back in August or if they still had more to go. If they weren't done selling out before, they may be looking at selling the rest BEFORE the exdivy for one reason or another. It's hard to say what is going on. I am sure at some point within the next couple of weeks we will know.

4.72+0.03(+0.64%)Jul 27 4:02 PMEDT