Tuesday, March 27, 2007

Is KNOT Done?

I know, I know it's not grammatically correct - it should be Am Knot Done?

It looks that way to me - half as many shares today as average a little pull back yesterday - I think we are seeing an end to the relentless sell down of KNOT for which there still is no story. I will always believe that some fund was selling a bunch to make their number for the quarter and will now have the green light to buy back the shares. Any sign of life tomorrow in the first 15 minutes (as long as it isn't a gap up) and I'm back in. If it gaps up I'll wait for the pull back to whatever pivot point and get in then.

1 comment:


Funny name for post.