No, that is what happens when you fill the nosebay with water during a water landing and pull more power to try to get airborne again - imagine the C of G shift!
Many of us have landed a Sea King on water - the Canadians used to run an excellent course in Nova Scotia - the lesson was that if you lost the AFCS during a landing, it meant the nosebay was flooded and under no circumstances should you try to get airborne again.