Yesterday I advised readers to just WATCH do not buy Quicksilver Resources ( KWK) .
The stock closed at $ 2.63
– despite the cold weather
– despite the draw down in nat gas
– despite a huge short position that at some point has to be brought onside
Note : I sold the Jack A. Bass positions out at the $ 3.50 in DEC/ Jan area when these catalysts did nothing for the stock.
The email response is ” just wait – it will rocket “.
That may well be at some time in the future BUT your money has to be at work each day and the trend in KWK is still down – along with a commodity price that will retreat with warmer weather.
to quote the noted investor Bob Dylan ” you don’t need a weatherman to tell which way the wind is blowin ”
But you’d do well to have Jack Bass managing your account.
OR CALL JACK DIRECT AT 604-858-3202 – NO COST OR OBLIGATION – same time zone as Los Angeles
aQuicksilver Resources Inc(KWK:NYSE, US)
|Open||2.65||P/E Ratio (TTM)||2.9x|
|Last Bid/Size||2.40 / 184||EPS (TTM)||0.92|
|Last Ask/Size||2.41 / 91||Next Earnings||5 May 2014|
|Average Volume||5,084,322||Dividend Yield||0.00%|
|Day High||2.66||Ex-Dividend Date||—|
|Day Low||2.39||Shares Outstanding||177.2M|
|52 Week High||3.67||# of Floating Shares||123.9008M|
|52 Week Low||1.44||Short Interest as % of Float||25.72%|