Hi JC - I see things have been very interesting while I have been away. Quite a pleasent surprise on the first day I am able to get my office up and running!

Keep in mind there are several types of people invested in KRY or any spec stock. There are the die hard longs who hold forever and do not change with PPS movement. There are opportunist Shorts who often hold on too long. There are short term traders who are looking for technical movement over a few days, and there are day traders.

Last week we saw a major capitulation of what 13 million shares in one day? Those were retail or institutions who gave up. As is almost always the case, someone whether in the know or gambling bought those shares. As I have said before, short term traders and day traders have no concern for permits or news or anything so a move like today is a gift. Of course they will sell and with it will be some retail holders who can't stand the pain and look at this as an escape.

The PR today is huge and the market reaction is far less than it should be, but remember that the MM will want to control the movement. Once the traders are out and the weak longs as well, there will be a lull. After that we will see some very good rises. With the PPS under $2 we are still not on the radar for many institutions, but this will come in time.

Today was a resurection. It also follows my belief that the contract would have to be ammended before a permit (whichI think was largely behind this move).

No matter, this PR was huge. As CJR pointed out few stocks experience a gain like today. If I were playing KRY as I do most others I would have been out in a heartbeat today. But if you are long, this is only the beginnging, and to sell now would be a biger mistake than holding everything through the declines.

Good luck to all. I have been out closing on a house and heavy business tasks, but I look forward to the next few weeks as things develop.