Unfortunately, there are many who are well over $100 a share average cost in $NEWL ... Most traders that were in pre-split will never recover, but today and maybe over the next couple of days, they can try to minimize their loss.
This was a great trader today, if you were not in pre-split! But it was obvious manipulation because there was nothing to base a 100% move on, no news, no 6K... Someone created the momentum and then let traders take it from there, possibly market makers who received the order to let it run up.
What bothers me though, is that NEWL is now loading the boat with a lot of new bagholders. Not everyone knows how to trade these things... Some people are very naive, and believe that this will really run to $10.00 - $15.00, so they hold it, and that is where they get caught...
JMHO!
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