Knology (KNOL)

Company

"Knology Inc., headquartered in West Point, Georgia, is a leading provider of interactive communications and entertainment services in the Southeast. The Company began trading publicly on the Nasdaq Global Market in December of 2003. Knology serves both residential and business customers with one of the most technologically advanced broadband networks in the country. Innovative offerings include over 200 channels of digital cable TV, local and long distance digital telephone service with the latest enhanced voice messaging features, and high-speed Internet access, which enables consumers to quickly download video, audio and graphic files using a cable modem. Knology also provides advanced communications services, such as video-on-demand (VOD), subscriber video-on-demand (SVOD), digital video recorders (DVR), High-Definition Television (HDTV), interactive television (iTV), IP Centrex services, and Passive Optical Network services (PON)." (company website)

Buy

20-Dec-06. I recently lost money trying to short Knology. I'll try again, only this time going long. Yesterday it flirted with $10 but ended back up at the 50-day moving average. It has held that level today, so I'm in.

• Price momentum (PPO) — steep increase in early December
• Trend (ADX) — back at threshhold, with buying pressure (+DI) and selling pressure (-DI) kissing
• Money flow (CMF) — nice inflow
• Relative strength (RSI) — held at neutral
• Volume — still pretty lightly traded

Sell

28-Dec-06. KNOL has been looking pretty weak, so this morning I raised the activation price of my stop-loss order to $10.20, just in case it suffered a breakdown. About half an hour later, it did, and the position was closed at $10.21.

I'm going to be really irritated if KNOL continues on down, since I was originally short the stock and had to cover at a loss. Now I've lost money going long. Good money after bad, my momma would have said.