What I originally heard was the 13th, and have saw nothing sense. It is really hard to tell until they do it. But I think it should be this week.
Trading Before and on the Distribution Date
The New York Stock Exchange (“NYSE”) has informed Newcastle that, in connection with the spin-off, it will establish three trading markets beginning on February 4, 2014 and continuing through the Distribution Date:
In the “regular way” market (NCT), shares of Newcastle common stock will trade with the right to the Distributed Shares.
In the “ex-distribution” market (NYSE:NCT WI), shares of Newcastle common stock will trade without the right to the Distributed Shares.
In the “when-issued” market (NYSE:NEWM WI), the right to the Distributed Shares will be traded.
Geo: You don't seem to know when to buy and when to sell if you don't make money off this stock. It's one of my top money makers because of how volatile it is.
shrimp: The stock is worth more than I paid for it. What's your thoughts on buying stock? Buy high and sell low? That is the only way anyone would be 25-50% down on this stock.
Did you buy 5 days ago, did you sell today? If the answer is no, you have lost nothing.
Unless you are currently buying more stock, or sell what you have who really cares about the price?
As far as I am concerned it can continue to drop until the 31st (when dividends are paid). Just that more stock that will be bought.
jab, by the time you figure in your costs to sell and buy, you would still be ahead by holding on and having the dividend reinvested(at no cost).