Time to unload some .......Well friends, this was a GREAT, fatastic & profitable ride from just a few short months ago when i got back into the stock around $4.50.. At that time, i said that though it was cheap for what the company had, Kelt was'n't going anywhere UNLESS there was a buyout in the works. And from looking at the insane trading over the last few months, that could STILL be a VERY likely scenario. As i do expect Kelt to undergo somekind of transformation, whether by buyout or something similar to what Spartan went through.
But JUST incase....i'm wrong here.....and there's no TO in the works, then i think i would be very wise for folks like me who bought at the bottom to take some much earned profits at this level. Why you ask? Because according to my calculations, even with a buyout, we're at almost FULLY valued levels with Kelt & energy prices where they are. So the risk/reward ratio isn't to our advantage any longer. So with that said, i've unloaded another 1/3 here and will keep the remainder for a potential TO........should it actually happen!
GLTA