Personally I put more faith in the stories regarding an interview with Ortega where she stated Chavez would review and make a final decision. The stock actually went down a bit on the PR but since this seemed to reinforce the stories that came out over the weekend it stabilized and rose a little more by days end.

Today was a euphoric reaction and probable short covering that as we saw quickly fizzled. Retail is rather fickle with KRY and unless institutions step in, we will likely retrace below $1.

That the PPS stayed above $1 today was positive, but the technicals indicate a short term top and exhaustion of the rally so I would (IMHO) expect Wednesday to be down and probably close below $1.

That said, this short term movement is meaninless since the ultimate move will come one way or another on a decision from Chavez.