NEWL wish I had shorted this way back when, just remember Trend is your friend. currently 3.4M shares outstanding (1.07M float) and it does 43M shares yesterday and only up (+17.87%) (Major Red Flag)
Yesterdays candle has a huge topside wick (bag holders now holding imaginary paper). Either there is some undeliverable naked shorting going on (YES) or there are some shares being dumped (unlikely) that we don't know about. According to filings there is not enough paper to cover all the shorts.
If the company puts out Believable PR's shorts may try to cover and could see some bounce (but once naked shorted it usually continues into oblivion)
Wed, 23 Apr 2014 11:45:00 GMT ~ NewLead Holdings Ltd. Analyst Report: Restructuring & Contemplated Expansion of Product Lines - Special Situation by BrokerBank Securities, Inc. [PR Newswire] - NEW YORK, April 23, 2014 /PRNewswire/ -- NewLead Holdings Ltd. (NEWL) has historically been an international shipping company that has been transforming into an international vertically integrated shipping and commodity company. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. read full: http://finance.yahoo.com/news/newlead-holdings-ltd-analyst-report-114500036.html *********************************************************
Tue, 08 Apr 2014 12:30:00 GMT ~ NewLead Holdings Ltd. Announces Signing of Term Sheet for 75% Financing for Two Panamax Dry Bulk Vessels [PR Newswire] - PIRAEUS, Greece, April 8, 2014 /PRNewswire/ -- NewLead Holdings Ltd. (NEWL) ("NewLead" or the "Company") announced today that it has previously signed a term sheet with a leading financial institution to provide 75% debt financing for two second-hand Panamax vessels for a total of $35 million. The two vessels are expected to be delivered to NewLead's fleet within the next three months, subject to the receipt of the necessary financing for the balance of the purchase price. Mr. Michael Zolotas, Chairman and Chief Executive Officer of NewLead, stated, "We are pleased to bring into NewLead the opportunity to acquire two more dry bulk Panamax vessels. NewLead Holdings Ltd. is an international, vertically integrated shipping and commodity company that manages product tankers and dry bulk vessels. read full: http://finance.yahoo.com/news/newlead-holdings-ltd-announces-signing-123000631.html *********************************************************
##### chart ~ source: stockcharts.com
##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/NEWL/company-info Ticker: $NEWL OTC Market Place: Not Available CIK code: 0001322587 Company name: NewLead Holdings, Ltd. Incorporated In: Bermuda
##### last known share structure ~ source: otcmarkets.com
Market Value: Not Available Shares Outstanding: 3,462,663 a/o Mar 06, 2014 Float: Not Available Authorized Shares: Not Available Par Value: Not Available
##### business description ~ source: otcmarkets.com
News 
Market Data 
Discover 
