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Still don't know how many they have the rights to pull.
.06 looks like it had some strong support. See how this afternoon goes.
Watch out for the turn. IR's max shares per day is volume/total o/s based, so they will pull as they can. Not sure if it is even within ability of NEWL to deny shares, and as of last 6k there was 46 MM shares requested and not yet issued.
There are no current calculations that add up to IR having that many shares. Even if the stock went to .0001. The Preferred shares only convert to common shares that have a par value of .001, and they seem to have drawn roughly half their shares. IR is able to get more money, just because the common stock value is tremendously more than initially stated par value. Where are your calculations coming from?
I would give it .04 - .05. Seems to struggle a lot more to fight lower. I am not sure if NASDAQ will delist them or if they will R/S first. They seem to want to stay on NASDAQ badly. They have had hearings that repeatedly keep them listed, and I can't imagine they would be able to do so without some sort of course of action. I would say open tomorrow at .035 and jump to .043, and another burn. Not sure where the bottom will be on that one.
I wouldn't bet on that. IR seems rather ticked at NEWL over the entire PR campaign. I think that is why they have stepped up their dilution game to full speed ahead, while they are capable. I read the terms of the agreement, too. NEWL really backed themselves into a corner signing that one. Then, you also have to take into account it all falls under Bermuda's law, and all rights to jury are automatically waived. We have to see exactly how many share IR actually has left. That 2.5 MM for 25 MM worth of stock has turned into a much higher amount from the mass dilution spree and R/S. Damned fool thing to sign on NEWL's part.
IR should be getting their next dose to dump soon. Probably pushing down to .05 here in a few.
Lots of retail short game look to be jumping in now. All distractions. Doesn't matter. Play it the way you want to or don't take the risk. People just say what they like.
Oh, and now we got retail shorts dumping all in. This is really going to make a mess. Lmao.
Time the intraday bounces. In between the times IR gets their shares to dump. It looks to me IR is dumping shares to drive the price down while NEWL is trying to use shares to stabilize. Quite a mess.
Whoa! Had to deal with my electrician and find 60 MM in a sell off. Gotta say I wasn't expecting that much. Figured about half that and the usual Friday sales event and some retrace around 1230. But damnnnn.
Yessir, but if they load enough, then they might be able to let it breathe for a bit. If even the MM's are too far under water, then they will even run suppression tactics until an actual squeeze occurs. Keep seeing these large orders broken in very odd share blocks. Makes me wonder if they are trying to pass signals or just coincidental.
If the bid isn't large enough to take the full sale block MM's can sell to each other and pick the orders off L3's before they hit L2.
Now that looked like a short selling run trying to break the resistance through the opening price again. Same tactics as Tuesday. Not as successful.
To let it break .115, you have to place ask over, since the HFT firms are on this. Just a reminder. They will always be placing that buffer and trying to squeeze in between you and the market.
He just got on skype with Chrion, bought a box of pull ups and types whatever he wants. Hell, he may not even be on skype with Chrion. Lol. Who knows. I do need to set up a Skype account. I am just in school a ton now while trading, so it makes it harder. Trying for 3 degrees! I agree, though. Shorting here is just as bad a risk as long here. Flipping - whether 10 minutes to a week is really the only way to go on NEWL right now, sadly enough. With Ironridge locked up on their stuff, though, maybe some more hope, though! Looking like more light at the end of that tunnel.
Good news!
Good day here with some great news. Finally the addition of a marketing campaign. Vanis cracks me up with his continuous purchase of so many shares every dip this stock takes.
Everything seems to be at the moment, but still curious. It has been a crazy show.
HFT'ers - High Frequency Traders are people or groups that have extremely fast internet connections and are usually set up in a building close to the market to ensure the fastest possible communication interceptions between markets and retail traders. They are the ones placing bids .0001 above or asks .0001 below retails traders, either trying to scalp those fractions of cents or trying to force you to splash the bid or lower your ask - all depends on their own goals. Once you see they are there you can use them as a buffer and run them up and down if you can figure out a pattern. Right now they look like they are just doing the usual scalping game, but if they get a trigger point on an algo, then they could buy a bunch or drop all remaining. They just have faster trading speeds and can affect the market faster than we can. Takes time to burn them down, if they decide to play stupid, but it cam be done. On Tuesday they rode my bids as far as I would test to see. Don't know if they were the ones that took it down from that beautiful staircase chart. That looked like a rather intentional game, and their algorithms and speed would give them the tools necessary to do get it done at the perfect time, with minimal risk.
That perfect staircase on the chart into power hour went to hell in a hand basket on tuesday when somebody burned that 5 or 6 MM shares in a purposeful kill on the price. I got partially caught in that cut down as well. Thought it would run again, but chart signals never seem very dependable here. I do think I will play a little more in tomorrow, though. I think the entire day's chart today could have been a full bull pennant set for tomorrow. The pops before were usually so abrupt and then plateaued, so I thought it would play the same, but looks rather different. Very interesting here. Lots of volatility and lots of HFT'ers, too. They could have even been the ones that purposely killed the support levels Tuesday. See how tomorrow unfolds...
Any asset purchases bought with money made from transactions subject to legal consequence can be made subject to seizure and auction. Anyhow, I doubt they expect to recover that much. I would imagine it is a scare tactic seeking early settlement with a counteroffer, considering the reputation of representation. My 2 cents on that one. I still am not terribly confident on the big picture, though. Trying to interpret chart signals and play accordingly, mainly. Maybe keep a lotto marker for a bit. Not quite sure how I feel yet.
Hft firms in play here, trying to get that .0001 of your money. They follow us. Move them where you want them to move.
.16 today, .14 tomorrow. I think .165 Friday. This is from looking back at other bounces and some similar momentum swings in the history of the stock and adding some of the charts and bollies. Just my guesses. Still a risky business. If that was seriously a 6.3 MM short cover, then somebody just made about $2.1 MM in 3 days. He buys the drinks this weekend! Lol. That means he called it in and double checked the existence of the shares and who he was borrowing from, not just some electronic trading fiasco. He did it right and executed perfectly (albeit abusively in open market manipulation of volatility, but good luck proving that one), and made a killing. Can't fully blame him for playing the system for how it is when he has the money to run the game. Even though it is NASDAQ, it is still a penny stock right now. Good luck to everyone and be careful. Hopefully these guys can work it out and get their business in order, until then remember the risk and play accordingly!
I personally love the fact that that man owns over 33% of issuable shares of this company, a significant chunk of which he has bought off the open market. Good sign for the long haul. Might not look pretty now, but give it 6 mos.
Agreed. After checking back through some of June's earlier madhouse situations, as well, I would not be surprised at all to see anywhere from .04 - .09 of movement today. Silly NEWL.
There has to be a large enough availability to short the shares. I think after yesterday's washout we should have seen a recall on all of those shares that were probably shorted from the strong pop on tuesday afternoon (I think that is what turned the chart purposely after we has such a textbook staircase up). This morning was a feint trying to see if there was anything left to shake loose. I think that shortage should give us a solid bounce today, but have to see consolidation levels and how quickly shares are made available for other purposes to go from there. I will be watching. :)
Too many possibilities for me to venture a guess at that one. Many ways to benefit from the downside and upsides.
Premarket and after hours trading is typically where the patient get to rip of the emotional players. Doesn't typically matter as much because the timing of those markets makes them so much less liquid it makes people much more prone to bid in wider gaps. The masses could change the entire game. Not interested a whole lot in 300 k shares in premarket trading when there has been no news or any changes that have occurred since market close the day before. Hoping to play some good swings though! I would still never tell anybody to hold on to this very long unless it was a lotto ticket and only for maybe 1-2 thousand maybe. Lol
This seems to be swinging in kind of opposite momentum of overrall market, honestly. Still only playing swings here. No large long positions. Too much BS.
Full washout for bottom bounce again and plenty of room for nice rips up tomorrow. Looks like all players that jumped in Monday/Tuesday rolled out. This is a straight day traders game. Not a bad thing. Just how it is until they get there business in order (if they have one). Still fun. :)
Looks ready to go again.
Thought we might be hitting .10 again first. If it is the end, we could march back up to .14, then pull, then might make a go at .17. Unless there are a bunch of shares to dump (should be running low at least, by now), or somebody has a ridiculous access to shares to short, which should be exceedingly difficult. Lots of variables still in play. Some crazy swings, and these drops aren't even taking many shares. Yesterday's big dive - took 5 MM shares, this mornings - roughly 3 MM, this afternoon's - 2.5 MM. So anybody (or group) with the amount necessary, in shares or capital, to move this can.
Lmao. 6% isn't terrible, and I don't think that typing timber alert in all caps for 2 months straight, every day, counts as a very good warning. As I said, just dance until the rain comes. I am still interested in how the market is receiving these products, so no worries to me. Everything has risk, my friend.
More buy volume than sales volume and a total of 16 M of both in the first 30 min of trading with a 10% decline in price. This goes along with my theory that price is more influenced by number of buys or sells not volume of buys or sells. This can also be explained if you see a considerable number of rapid short sold or wash traded stock sold off in small chunk with single large order cover calls (500k - 1 MM share block buys). Also one of the easiest ways of open market manipulation, that cannot be easily tracked, that can be carried out relatively easily without the necessity of an endless amount of funds.
You change your mind every time the wind changes direction, my friend. You trade very much on emotion. It may be a red day, but I would never take my any trading advice from you with how much you change your view of a company based upon stock market performance.
Just keep dancing until the rain comes right? You have been calling for subpennies for 2 weeks now, I think. Do you think they will actually hit today or will it be a hard green today since we are starting from a pretty solid level of support? You don't have to answer, because I am almost positive I know what you will say, but you can if you like.
Lol. If you obviously already know, then you don't need it. I just like to let any newcomers to the board know, there Anakin.
Be careful holding onto any substantial amount here. Any stock that is subject to legal issue is still at higher risk of a much greater loss or even possible suspension. The full story still isn't out until it is out.
Hmmph. Read it wrong. They are requesting termination of contract. Thought it did. Either way, any shares ironridge draws are illegal without NEWL's authorization and will have to be returned.