Breakout stock

[HorseInvestor]

NEWL - New Lead Holdings......... stock was left for dead ,,, but it is showing big signs of life although it is down today...... I expected a sell off today after some Huge days........... This is a stock that is about to go through the roof in due time

 

[Steiner69eR]

Tough day today allegedly due to shorts...what's your take going forward...still a nice long play?

 

[HorseInvestor]

i am in long term..... it is going to take some guts to stick with it ... but i will weather the storm and come out on top at the end

 

[dtmad]

I just charted this thing on Yahoo. Must have been a ton of reverse splits. $3.00 a share today. That share was worth over $4,000,000 a few years ago?

 

[dtmad]

Guess you could risk $3.00 and hope for a bounce-back to $4 mill!! Or maybe spend around $30,000 and own a large percentage of the whole world on the bounce back!! Hell, I'm all in!!

 

[Steiner69eR]

Any idea what's going on with this thing? People are freaking out over all these alleged o/s shorts...

 

[Steiner69eR]

Supposed to re-open today...everyone claiming short squeeze

 

[Steiner69eR]

Re-opening at 11am...the volume is going to be insane...could be a huge window to cash out, for anyone that is tired of this thing

 

[rolltide]

[h=1]Today’s Biggest Disappointments: NewLead Holdings Ltd (NEWL)[/h]

July 2, 2014 Share This Facebook 0 Tweet





NewLead Holdings Ltd (NASDAQ:NEWL)lost 15.47% on Wednesday, extending three-day fall after trading in NewLead Holdings Ltd. (NEWL) resumed on Friday, June 27, 2014 at 11:00:00 a.m., Eastern Time. Trading in the company’s stock was halted on Wednesday, June 18, 2014 at 9:39:53 a.m., Eastern Time.

 

[Steiner69eR]

Every day it just gets worse and worse, Tide. The bleeding never ends.

 

[Time2shine]

Did you guys know you can "short' the stock?? Basically your playing that it goes down instead of up. Read up on it, google it, ect. I haven't done it yet myself, yet i'm learning. enjoy!

 

[Steiner69eR]

^People have been shorting this thing since it was at $3+...every day the shorts win...just seems the window for shorts has been missed now given it's $0.15/sh.

 

[rolltide]

hard to short a stock trading at $0.07 ....

 

[Steiner69eR]

Sitting at $2.16 now with a reverse split...good news to hit back at all the constant shorts

 

[Steiner69eR]

6:27 am NewLead announced yesterday after the close, 1-for-50 reverse split of common shares and hearing date (NEWL) : Co announced that a 1-for-50 reverse stock split of its common shares has been approved by the co's Board of Directors and by written consent of a majority of NewLead's shareholders, in order for the co to achieve compliance with the minimum bid price requirement of $1.00 per share for continued listing on NASDAQ. The reverse split will be effective upon the commencement of trading on July 15, 2014.

• The reverse split will consolidate every fifty common shares into one common share, par value of $0.50 per share.
• As a result of the reverse stock split, the number of common shares outstanding will be reduced from 325 mln outstanding as of July 14, 2014, to ~ 6.5 mln shares, subject to rounding up of all fractional shares to the nearest whole share.
• In respect to the underlying common shares associated with any derivative securities, such as warrants, options and convertible notes, the conversion and exercise prices and number of common shares issuable will be adjusted in accordance with the 1:50 ratio. The number of authorized common shares and preferred shares of NewLead will be 100 mln and 500 mln, par value of $0.01, respectively.

 

[Steiner69eR]

Honestly the biggest scam this PoS with all the reverse splits

 

[Steiner69eR]

Sitting at $4+, but only $0.09 pre-split...only a matter of time before this thing gets delisted