The markets in general have now given up all of the gains that were made in 2007. Is that true of KXL? The answer is obviously no.

The previous pullbacks from the infamous 3.50 bump and the lows last summer did not conform to the overall market but seemed closer related to the nature and quality of the releases by the company.

The fact that we are holding as well as we are in this sea of economic uncertainty speaks volumes.

Normally Friday's are an up day for me but I do remember last August when the market was in a substantial sell off. At that time it seemed that given the major moves, people were just too nervous to be in the market over the weekend fearing perhaps some catastrophic news would impact things during the seemingly extended weekend period.

If that holds true this time then perhaps we will see some calming of the waters come Monday. If that produces some indication of extended recovery that will be my signal to add to my KXL position. In the interim though I have not disposed of my currently held shares during this corrective phase.

Onward and Upward