Portee,
Ah, yes, I do see where your original message emphasized insider selling. I'm still reading through a bit of a haze. An open house yesterday afternoon, with a bit of the nog as well as a portion of a growler of Norwegian style Christmas ale of my own brewing that I contributed, followed by a concert last night with a few more brews...
On the other hand, though, I think my comments also apply to tax loss selling by insiders. Unless their portfolios are so skewed towards KXL that they have no other underwater items to sell, I doubt that any insiders would have any more reason to sell for tax loss reasons than I do.
On the other hand (I think I just ran out of hands), I see your main point. If there are insiders who need to temporarily rid themselves of KXL for a tax loss this year, it might be a good incentive for the company to put out a news release soon- in time for them to complete their sale before the end of the year. Which is why you are expecting a big news release. And why we shouldn't worry about any insider selling that accompanies any news release. Yes, the haze is lifting...
spiny