Thursday, May 2, 2013

Thursday evening - KWK

KWK daily

Quicksilver Resources Inc., an independent oil and gas company, engages in the acquisition, exploration, development, production, and sale of natural gas, natural gas liquids, and oil in North America. - Yahoo

Southern probably knows these guys.  The numbers don't look very good to me, but the chart is bottom-ish.  I like it when they consolidate above the 50dma like that.  Yahoo says earnings next Tuesday May 7.

[edit: I am a little tempted by the Sep 2.00 calls, which show 0.65 x 0.85 right now, but they did not trade today.  Not terribly thin, but not terribly active either.  Might look at them tomorrow.]

Thursday afternoon


ECB did what was expected and the markets are continuing a bit higher.  We are very near 1600 on the S&P500.  I expect a lot of selling but it may just grind around while some fund managers take profits and others panic buy to chase performance.  We shall see.

Thursday morning


Thanks Jackie ;-)