Being Right About The Market does Not Win you Friends Or Influence

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.

 

email info@jackbassteam.com

OR CALL JACK DIRECT AT 604-858-3202  – NO COST OR OBLIGATION –  same time zone as Los Angeles

Website http;//www.jackbassteam.com

 

aQuicksilver Resources Inc(KWK:NYSE, US)

BuySell

 

2.40USDDecrease0.23(-8.75%)Volume: 
Below Average
As of 24 Mar 2014 at 12:57 PM EDT.

 


Quote Details

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
Previous Close 2.63 Beta 2.02
Volume 2,262,661 Last Dividend
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%

 

 

 

 

 

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