I have been shouting to go long since 1.80 . You need to cover - America energy independence is trending and the energy sector is showing signs of recovery .. You can't fight the markets .. Take a look at some of the index funds KWK is in ..
I think you are either an idi0t or acting like one!!! Dude, KWK insiders are buying like there is no tomorrow. Just look at Friday's trade pattern. Go do your own due diligence, you do not have to accept my research on face value: The shorts tried several times on Friday to push the price down to no avail, the last time they put everything they had into it by shorting close to 175000 shares thus bringing the price down to almost $2.55 at around 2:30 PM Eastern time. Do you know what happened next? well look at the intraday chart: The big boys came with their big wallets & in the last 30 minutes they bought almost 3 Million shares and sending the price to $2.77 at the close. Do you understand logic? Well I am going to give you an advice: Cover your short position at your earliest opportunity unless you are swimming against the current. Just my 2 cents.
KWK will be going to $5 within very short time.
And by the way they already owned 31% of the shares before the 8k was filed 1 week ago. Now they restate earnings to the tune of + $150mil. Ang NG is $1.70 higher than last yr. rigs dropped another 12 last week to a 14 yr low... 70% down from three yrs ago.