Panzer_4183
Long

NEWL NEWLEAD HOLDINGS - swim or die

97 4 0
NEWL             has tanked so fast that its almost impossible to beleive that this stock was trading above 100USD some time ago. Company is fighting a battle against hedgefonds for allegedly short selling and with returning on the debts. Fundamentally things dont look good. Technically stock is oversold to the extreme values. This is highly speculative play, based on assumption that debt is almost payed off and that they must stay above 1 USD per share if they want to play on NASDAQ.

Good news is that company is launching new ship in next month worth 20 million dollars so that could mean a lot of price adjustment.
I'm still long, I wait until July there must come PR news about new ship, also can be positive. But nobody knows now what is really doing.
Let me know on twitter I'm -@traderandroid
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http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold

Looks like NEWL was a target of a naked shorting by hedgefonds, and Nasdaq stopped trading until it clears things out. If that is true and a stock was naked shorted, on opening we could have a Volkswagen short squeeze from 2009 situation or VRML 2009 situation. If that happens i wouldnt like to be in a bears skin.On their last 6k report after trading stop they stated that they have cleared all their debts to Hanover and other lenders. That will have a huge impact on NEWL. Any way well know everything for sure on opening on Monday or Tuesday.
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Panzer_4183 Panzer_4183
Soryy mistake, report was made before T12 Nasdaq,
http://www.streetinsider.com/Corporate+News/NewLead+Holdings+%28NEWL%29+Settles+$44.8M+of+Past-Due+Indebtedness/9593596.html
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Now is stop by NASDAQ what do you think will be happen with NEWL?
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