Newlead Holdings Ltd. (fka NEWLF)

[styl]

looks like its stabalizing...........


doesnt guarantee it wont go down after a day or two....

but ask yourself......

what is the next news catalyst?good news or bad news?

we already know about dilution and a whopping 35mil o.s.

that isnt pretty on a fundamental basis.......but on a technical basis.......if they do anounce...and thats a big if......."if" the anound 70% of the debt gone which explains the straight down selling and chart.........this might be a turnaround company .....not because of a value play ...although thats arguable too when the smoke clears.

the jump toward 2 bucks can happen because of a short squeeze as yearlong shorts wont mind shorting even upto 2 bucks since they will still be profiting 98% gains in 6 months.

just my opinion............and i reserve the right to eat my words......i'm greek and i dont trust those shady greeks in pireus greece too much.........high risk play here.