Loosening The Knot

It's time to unload some of the Knot (KNOT). Readers who bought this one back when I recommended the stock in July are sitting on up to 70% gains and with the stock's recent 10% surge these last couple of weeks, I found myself unloading half of my position on Thursday.

Knot's recent partnership with E!'s Style Network is encouraging for shareholders, and is yet another good move on the part of management considering Comcast owns E!. And the fact that there is Google representation on Knot's board is another reason to own it. But I would hate to give up my superb gains on this stock. I encourage you to at least sell a portion of your KNOT position, and let the rest run.

Full Disclosure: I currently own shares of KNOT, but my position might change anytime without notice.