It looks like the market is telling us the correction has passed for now. I think KXL has a history of marketing savvy that would suggest we can look forward to a big NR either immediately before the PDAC or on the Monday of the show. Now if I was running the company, I would bank at least one high grade intercept and issue the news when the world is paying the most attention. That is not how its supposed to go, but I think there is a lot of smoke and mirrors going on in the PM sector at the best of times, and this sort of thing happens whether anyone will admit to it or not. The bottom line is that KXL is much stronger today on a technical basis after the much needed dose of reality last month, and perhaps the stock could sustain a move back above $4 if the right news came along.

I doubt we have seen the last of the volatility in KXL, I am just suggesting that the next big move is up instead of down. And on a tick back above $4, I plan to let a few of my trading shares go. I added more below $3 just so I would have the chance for some extra profit on the uptick, and my core position is not for sale.

cheers!

mike