Doesn't matter if you're short or long
Thumbs up if you think NEWL is POS stock scam company
Thumbs down if this is some long term strategic investment and newl is on major turn around and will be viable company
for the record ive played short and long with them and just make money on stock. I think NEWL is a big POS just taking advantage of trades
Look, scams live in the OTC and pink sheet world, they don't get traded on NASDAQ. Are they struggling? For sure, but they are turning the ship around (pun intended) and are going to be fine long term.
The drop in shipping rates crushed a lot of shipping companies, most of whom are now out of business. These guys managed to stay afloat (again, pun intended), so betting against them long term is a bad idea. They survived the shipping crisis and the Greek economy crisis. That says something.
Yeah, tbh I'm only swing trading them right now, but I had a long term portfolio I'd have gobbled up a ton of these shares based on where they will be a year from now too.