Loosen the Knot
Its time to unload some of the Knot (KNOT). Readers who bought this one back when I recommended the stock in July are sitting on upto 70% gains and with the stock’s recent 10% surge these last couple of weeks, I found myself unloading half of my position on Thursday.
Knot’s recent partnership with E!’s Style Network is encouraging for shareholders, and is yet another good move on the part of management considering Comcast owns E!. And the fact that there is Google representation on Knot’s board is another reason to own it. But I would hate to give up my superb gains on this stock. I encourage you to at least sell a portion of your KNOT position, and let the rest run.
– Faisal Laljee
Full Disclosure: I currently own shares of KNOT, but my position might change anytime without notice.
good call. making money on small e-commerce company longs has been a toughie all year. Blue Nile- NILE has fallen $7 over the past month to $33. Is now an interesting price point to buy in or should i just ignore for even more downside?
Boris,
Are you still long on LIFC? If so why and for how long.
related e-commerce…
Blue Nile- nile has fallen $7 in 1.5 months and just had 2 upgrades. any thoughts on recovery potential?
LIFECELL. i just saw this post.
iam long cause the shares are down $13 from the highs, there is some small bounce action for 10 days of $1, and most importantly i believe most the growth factors are in place. the slow down in seqnetials is due to choppy sales force expansion and competitive products are not as good. becasue the 100 cryogenic patents Lifecell has blocks them. I could be wrong. if so this 10 day bounce is gonna suck. but if accurate the bounce from $21 to $34 will be worhth 70%.