Sure seems like it, the theory that people sold 50 times their shares on Thursday since the R/S was same day as announced is looking plausible today. Although these guys reverse split this stock 4 times in like half a year, and diluted the "ship" out of it. So we sold worried that it was insiders dumping it on Thursday.
I think it was a combo of all now. Accounts sold 50 times their holdings, added with, insider selling and piled on short selling.
NEWL 2.75, Well I left over $23,000 on the table here and counting! #msg-102040977
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.