I managed to flip some of my sub $5's at $5.35 for "Beer Money" and lighten my load a little just in case HK decides to head further south tomorrow. I still have a bunch I picked up at $5.50 and below that I bought today that I'm stuck with for now.
So what's your take on this decline in HK's PPS over the past several days? All related to the price of oil? Other factors? There always seems to be something going on with this company. I had gotten out after the dilution that came before the BK and the R/S with a loss.
I thought I might give HK another chance for a possible longer term investment since they are in a stronger financial position now than they were a year ago. Presently, there doesn't seem to be a bottom for the price of oil or HK but one would think soon. I've picked up some shares in the 4's and 3's to go with my leftover 5's. ;p
Anywho, gonna see what HK does in the weeks/months ahead. TIA.
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