SolomonsSmallCaps - Thank you for a cogent, and in my view, accurate visual analysis of KXL.

Here is a chart to go with what you said. The on balance volume is important to me, also.

For example, the price going up alone does not guarantee underlying strength, since it could be smart money distributing stock to dumb money, for example, via a phone pump.

Not so here. The persistently high On Balance Volume line, shown above and below the price chart, indicates that smart money is accumulating the stock. We are in good company, in other words. I suspect some of those well-heeled Canadians who came in at 4.00 have been averaging down, just like I did.

http://stockcharts.com/h-sc/ui?s=KXL...

Kodiak may well slip and fall this summer, along with the natural resource stock market, as part of a cyclical summer low. However, as Joe Granville, inventor of On Balance Volume, told me and everybody else decades ago, "What's Obvious is Obviously Wrong."

In this case, waiting for the August low may turn out to be obviously wrong.

We are starting with a great and very extensive land package in Ontario, with infrastructure in abundance. The company is cashed up and has a more extensive drilling program going on than just about anybody in Canada right now.

Michael