I have been following KNOT since selling it. Now it's at $11 and looking like it will move quickly soon - though the direction is unclear. I am at a quandary.
On one hand, I would like to think the stock will go up - the market cap is very reasonable and with MSFT not buying Yahoo, it means that some of these other internet stocks are in play.
On the other hand, KNOT has not been performing well from an operational standpoint, has said that 2008 is a transitional year, the market in general looks weak, and KNOT should be due for a last leg down. If you follow TA theory, this point in the chart is when most long investors get faked out and the stock drops some more.
I am going to watch it for now.