last 5 days NEWL closed at low of the day (or very near). Today is the first day in 5 it finished above the low of the day. just saying..
Volume way down from previous days. Good sign the sellers are exhausted and moving on. It should have a nice move in the last toward .70
Whenever this gaps up, sellers come in. This morning a gap down, on lighter volume, looks like a signal that a reversal is on order. This is an exhausted sellers move.
Is the float as listed on yahoo finance 2.8M? If that is true, then no one is dumping and this is purely just day traders manipulating the market.
Can someone verify the float? thx in advance
Same accumulation now at .48 level.
I like the way this is acting now. Short uptick, levels out them and another small uptick. Not much selling on small upticks. which I Iike to see.
Current hangover is the 6 months to stay compliant with NYSE. This has fallen another 50% since this last note. Definite value here, especially when considering pre buyout price was over $2
You must be really naive if you think the NASDAQ will open this soon. They are on the verge of being delisted if they don't come up with ample evidence on why they shouldn't be. Why do you think NASDAQ is asking for more info.
"Trading will remain halted until Newlead Holdings Ltd. has fully satisfied NASDAQ's request for additional information."
Fully satisfied is the warning phrase here.
hey Sin, volume steadily increasing and price is stabilizing above $1.05
It was inevitable that NEWL would go to .09 and test it again. No big surprise. I am guessing that NEWL is just about satisfied with this latest shakeout. A close between .09 and .10 looks in the cards to me. Then a higher move on momentum next week. (how high next week a bit hard to figure)
Today is a pretty steep punishment for an earnings estimate that is a little lower then expectations.
This almost a 4 Billion$ business with positive earnings every quarter. This is a really attractive entry point for a long term position. Buy with both hands on this one!!
Sentiment: Strong Buy
I was wondering the same. Bashers are claiming "resistance at 1.30", going down, crashing now..."
But what if this holds comfortably above $1??? hmmm
Ya think!!??! Of course it is oversold! Knee jerk reaction here. A lot to played out yet