Timmins & Beardmore - Northern Ontario

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Message: KXL - Level II is clear no Askberg today!

Re: KXL - Level II is clear no Askberg today!

posted on Jul 11, 2008 06:06AM

Don't get too excited about that. As a long time holder of KXL (short time holder of SGX) I can tell you that KXL seldom has large quantities of bid/ask which makes it different than most of its peers on the venture exchange which will often have hundreds of thousands of shares posted in a rather limited range.

KXL has huge corporate and insider holders which leaves the remaining float for more of the mom and pop trade.

That doesn't diminish the prospects of either venture but does result in KXL sometimes over-reacting from a price perspective.

Onward and Upward



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