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I am a pro trader at I am day and swingtrading stocks and futures.
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  • How Hot Is $NEWL? 3 comments
    Apr 22, 2014 9:40 AM | about stocks: NEWL

    Recently we have seen a large decline in the share price of NEWL. The recent high was at $21 a share, now its trading around 0.20$/share.

    Let's analyze the potential trade here, first lets look at some fundamentals...

    The company has revenue per share of $8.23, the total cash per share is $0.52. Can NEWL go lower? There is always a possibility that the stock will float lower, but keep in mind, there is 40% shorts in the stock right now.
    When people start to cover their short positions, we could see a nice pop in the stock.

    As a technical trader, I am considering this trade based solely on risk/reward. My risk is $0.25, my upside potential is $1. Based on that I have 300% potential in this stock. Another consideration is over the past few days is that the volume has been insane, this is telling me that some hedge funds are taking positions; this could also lead to an upside squeeze of the stock.

    The Trade: The risk/reward of this trade is showing me a higher reward potential at this time. You can always buy a few shares, even just 1k, and play it like an option.

    That is my quick view on a trade today, to get all of my and my partners trades live, join us at the Elite Round Table.

    Kind regards
    Kristof De Block

    Disclosure: I am long NEWL.

    Additional disclosure: I own 20.000 shares.

    Stocks: NEWL
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Comments (3)
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  • ARBOUR_01
    , contributor
    Comments (8) | Send Message
    Garbage Stock. Period.
    3 Reverse Splits in less than 365 days, $5 to $0.20 in less than 60 days. All value has been lost. NEWL is broke, doesn't make money, is in debt over their heads and can't pay the loans.
    Management and board have been playing the same shell game for years... from GrandUnion to Aries Marine to Newlead Mr. Zolotas is a wrecking ball for shareholders. One needs to do some history on Zolotas to see the big picture
    22 Apr 2014, 12:55 PM Reply Like
  • ARBOUR_01
    , contributor
    Comments (8) | Send Message
    More OLD news... changing the date won't change the fact that this is a garbage stock.


    Same shell game for years.


    Mr. Zolotas and his wrecking ball have been around for a long time... from GrandUnion to Aries Marine to Newlead... these are just the companies he's been involved with that most know about... there is and have been others. One needs to do some history and report on Mr. Zolotas to get the BIG picture.


    Boston, MA – (NYSEPOST) - 04/21/2014 – NewLead Holdings Ltd (NASDAQ:NEWL) announced that it has now executed definitive agreements for acquisition of 2 eco-type 31,800 dwt, Handysize bulk-carriers that were built in 2012 for a total price of $37.0M. These 2 eco-type vessels are now expected to get delivered to the company by June and July ...
    22 Apr 2014, 12:57 PM Reply Like
  • Traderkristof
    , contributor
    Comment (1) | Send Message
    Author’s reply » I don't care about all that nonsense, this is a trade and the risk/reward is positive enough to take a shot. Thanks
    23 Apr 2014, 09:16 AM Reply Like
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