It has been a while since my last post. I think I was suffering from market burn-out from all the volatility. I've found myself becoming a trader instead of an investor because of these markets. Not my preferred strategy. I also decided to redistribute a larger % of my portfolio to resource stocks that are producing instead of exploring.

Today... I inceased my KXL position. Not because of the incredible actions of the Fed, JPM and BS over the weekend. I increased it because :

1) we had a large US brokerage beat expectations for the first time in 9 months. Actually we had two, GS (up 24.5%!!) and Lehmans (up 46.5%!!!).

2) The Fed "only" cut 3/4 pts, which I actually like a lot better than a 1 or 1.25 (because of inflation concerns).

3) KXL has been consolidating around 2.50 for a couple of weeks through all kinds of bad news and market volatility. So... I read this as the bottom or close enough.

4) KXL has a 60,000m drill program that started last month. Drill results will start cueing up.

5) Spring is coming... really, it is. News will start flowing like melt water.

6) 2.50 is almost 50% below the last PP price of $3.70. and almost 100% below the flow through share price of $4.70. So i like the entry point, and

6) All the old reasons to buy KXL are still there.

So... I bought 25K more today.

GLTA!!! Now bring on news!

mz