Significant Insider-Buy today in NCT, Newcastle Investment Corp. Chief Operating Officer bought 50,000 shares @ $16.88 per share. NCT is down from $32 in January on credit market crash. But this I-Buy suggests reaction here is way overdone.
Don't underestimate the power of the panic, but if you want to dip your toes in the water, following a COO is not a bad way to do it.
A
Allan:
ReplyDeleteYou hit the nail on the head again.
Do you ever make mistakes?
-Leonidis (Southern Greece)