Not saying it isn't but I am finding it hard to believe recent large crosses are necessarily related to tax loss selling... why?... last December KXL did not exhibit the same 'large cross' behavior despite share price being down same amount from highs... Why would these individuals/funds not have booked the losses then?... Losses can be carried forward in perpetuity... Although there is the fact that during 2008 these same institutions/funds did not have the same level if any gains to realize and, therefore, no need for losses... unlike 2009 where gains have been had virtually everywhere since March (except KXL LOL)...

Thus far in December 2009 KXL has already traded almost 3x the volume it traded in the entire month of December 2008... for sure some of the recent selling is tax loss selling but not convinced million share crosses necessarily are.

Food for thought.

red911