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March 13, 2007


Ripping Shareholders a NEW One

I was looking forward to writing about NEW entering drillbit territory, but it got halted at $1.65. It wasn’t long ago that this stock was trading at $30 as you can see from the hourly chart below. Condolences to all holders of the equity - poof!

NEW goes poof

Related: Nothing NEW about High-Risk Lending (Feb. 10, 2007)

One Response to “Ripping Shareholders a NEW One”

  1. chud said:

    Closed today at $.85 on the pink sheets.
    You’d think somebody there would think to take their stock chart off the front page of their site.

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