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Message: Will the tradition continue?

Will the tradition continue?

posted on Sep 04, 2009 09:54AM

Hi fellow KXLers,

Been a while since I last posted but have bene following the great conversations sporadically. Nice to see some SP movement to the upside over the past month.

If memory serves me correct, KXL has in the past showed a tendency to release NRs on a friday before a long weekend. It will be interesting to see if they continue this tradition heading into Labour Day!

Bids look strong this morning and the asks are thin, so this could really pop should a favourable NR come out.

# Orders Board Lots Bid Ask Board Lots # Orders
4 125 0.720 0.740 27 2
4 69 0.710 0.750 7 2
3 232 0.700 0.760 14 2
1 14 0.690 0.770 24 2
1 10 0.680 0.780 42 2

4 Sep 2009 9:55 AM ET Real-time quote TSX Venture

I just hope that if they are going to release the NR today that they at least do it with a couple of hours to go in the trading session. I am going to go out on a limb here and suggest that if news is stellar (which upward SP movement is pointing to), the NR will come out around 2 pm EST, while if its so so, they will release it at market close. I am hoping for the former!

GL to all.

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