Institutional ownership of Kodiak Exploration continues to rise.

While it is possible to get too obsessive about this, I think it is interesting to see that in a very bad market for junior resource stocks, KXL is picking up a following.

Of course, this does not mean KXL is going to be a winner. But it does mean the pros are lining up in our court. I truly believe the national Bank of Canada initial reco of June 2, plus two positive follow up reports since then, got this ball rolling for us. It added an air of legitimacy to the endeavor.

http://www.kodiakexp.com/_resources/...

Twelve holders now own 15.6 percent of the stock, says Reuters. Last time i checked, on Oct. 5, Reuters was reporting 11 institutions owned 15.01%.

Current report:

KODIAK Exploration Ltd (TSX Venture Exchange)
Sector: Basic Materials . Industry: Precious Metals & Minerals · View KXL on other exchanges
As of 9 Oct 20081.04CAD Price Change-0.06 Percent Change-5.45% Analyst Recommendations
Research Another Stock: Symbol Look-up
Independent Research | Broker Research

% Shares Owned: 15.60% # New Positions: 6
# of Holders: 12 # Closed Positions: 1
Total Shares Held: 13,869,115 # Increased Positions: 10
3 Mo. Net Change: 4,960,708 # Reduced Positions: 2
# Net Buyers: 8

http://www.reuters.com/finance/stock...