Morning trading...
posted on
Dec 04, 2008 05:05AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
As I suspected and predicted last night when I read this latest news release ,the know nothing lemmings are deserting the good ship KXL..
Posted by: Portee44 on December 03, 2008 05:53PM
This is quite a news release and when I first read it I kept looking at the grades and depths and knew right away that those that know nothing will be gone when they read the NR..
Now every one has their own agenda and investment strategy and I have mine..but from what I see this morning the market is discounting the NR from the National Bank and our own management..
Speculation on KXL has all ways been rampant and who am I to know what each individual players needs are or their financial position is..and are the sellers at .60 the buyers at below .60...??..probably some....and taking profits..is there tax loss selling...?? probably some...margin calls..??probably some...
So today is the day when we will see this type of action,with the well heeled and the true believers scooping up the cheep shares and with the ability to support the company at these levels will reap the fruits of their investment..so for every one share we loose..we gain another share buyer..so all is still the norm and the market plays on...Those of us that understand what we have here know what I am talking about and have probably seen this over and over..as have I..and all I can say is good luck to them and thank the buyers for their support..
Once the sellers have left KXL will turn back up and away we go...but we must clear the decks first and give those that are leaving the room to maneuver..
I see as I post this that we bottomed so far this morning at .59...
That may be the bottom and the turn around has all ready started..
So do nor despair my faithful KXL schlongs..This is a normal occurrence on a NR..the "Morning after" effect..
Stay the course..have a eye opener of your choosing,preferable alcoholic ..and get ready for a green close today and a share price recovery..
Have a great trading day.
POrtee
PS..
Thank you to all our loyal schlongs for the t'umbs up on my spider web analogy of our vein system gold find..I hope you all found it interesting and understandable..
I saw 13 t'umbs this morning..very encouraging..thanks again.