I have been travelling recently (Germany and Poland) and did not follow the CLL that much. Looking at the CLL technical indicators it is hard to see any cumulation.

Hourly Charts indicators (Williams A/D and Money Flow 13) clearly show Distribution since July15.

Daily Charts show The Distribution since April 26.

This is confirmed by the drop in the institutional holdings to record low of about 20%.

IMO the recent CLL SP correction reflects strong possibility of coming dilution in one form or the other. Wait for the Q2 financial report. It should show disappearance of the cash on hands and loaded up credit lines.

Luck of interest in CLL take over or cash injection from the partnership (another form of dilution) will leave management with no much choice but ask the sharholders to support the company.

OT: I look very hard but could not see any recession in Poland and Germany. Coffee shops and Pubs are full. They know how to enjoy the life.

Brian, do not blame the TSX. It is own and run by your friend from S&P. On the days when your exchanges are closed, volume on the TSX is second to none.

Oilman, comparing the companies based on the earnings is irrelevant and leads to wrong conclusions. Earnings are the indicator of creativity of the company finance department as oppose to company well being.

You have to remove from the earnings the One Time items and Non Cash and unrealized gain items to see the truth story.