Thursday, May 10, 2007

This is Just Knot Right

KNOT reported a major loss for Q1 last night and I'm still holding. Well you play earnings roulette and that's what happens - sometimes you get the number and sometimes it gets you. Fortunately it is very few shares so the shock won't be that great to the portfolio. I'll probably keep this one around since the amount isn't that much and maybe over the next few months it will come back.

I should know better than to play an internet crap shoot like this - especially since it was falling falling falling for no apparent reason. Now we know why but we still don't know who.

That will come out eventually I'm sure (yeah - right).

3 comments:

Bullish Jim said...

Sorry to hear that. It happens to the best of us. It looks like a few dip buyers are showing up early- hopefully you'll get a nice bounce.

Marlyn Trades said...

Don't know about "nice bounce" but I did reload at this "new improved" price - this company doesn't belong down here.

QUALITY STOCKS UNDER 5 DOLLARS said...

Earnings have a way of fooling even the best experts.