I would not advise anyone to sell all their shares. And I have not changed my story one bit. When I went to visit the project, the stock was trading at $1.30 or so. I know, because I bought more at the airport that day on the way up. Now here we are around the $4 level. That to me suggests that the stock has gotten ahead of itself.

I was a buyer at the 50 cent level last summer. I have held all the way through. And I do not think the stock is just flying on hype and hope. But it is going to correct and it will be nasty. Being a longterm investor means riding it out and holding on, if you beleive that value will be created throughout the process. But I am damned if I will just shut up and look the other way because I may face criticism for posting an opinion. My opinion is just fine when I am short term bullish. Well, I am short term bearish today.

I sold a small chunk of my holdings and have zero cost average shares now. I plan to buy more into the correction and ride a nice position on the next leg up. The story is real all right. And in the next year a hell of a lot of drilling will get done, and no doubt some eye-popping numbers will be reported. I think KXL will trade in double digits in 2008. Is that bullish enough for those of you that are insecure people? And frankly, I would like nothing more than for KXL to go straight to $10 on this run, but its not going to happen.

I have stated my piece and I will just shut up now and let you guys have at it. I will not be back to say "I told you so".

cheers!

COACH247