Hi Rico!

I am embarrassed to admit that I did sell a bit at exactly $2.50 yesterday, to answer your question. And that decision was forced on me due to a margin call from the weak overall market conditions. I had been buying KXL since above $4 and had to unload 1000 shares for a trading loss of about $1000 but still have 3000 more than I started the year with. And while the margin loss was a regretable consequence of an aggressive investment strategy, I accept that as part of the price of admission when I choose to buy, and over the long term such setbacks are a cost of doing business, credited against the thousands of dollars of gains I have racked up through margin trading. I am still bullish as hell on KXL.

As for the trading, how many others like myself were forced to make difficult decisions this week, selling the stocks that they could get out of with liquidity? I do not regard this as distribution, since there was much higher volume during the up days in December and those who were unloading would have probably done so during strength and not at a time of market weakness. The selling we saw last week was more of the panic variety from people who were convinced the sky was falling. KXL is much stronger now on a technical basis, and the rise today is just more evidence of that.

cheers!

mike