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tax loss sellers are gone...
posted on
Dec 29, 2009 09:08AM
There is no evidence of sellers this morning... only a few new "asks". Most of the asks in the 50's were posted earlier in the month. Any upward momentum will clear these quickly and we'll see 60cts this week for sure. Especially on lighter holiday volume.
My guess is we won't see low 50's again for KXL. Technicals also support this too.
Personally, I'm now at my 100% quota for KXL and it once again is my largest holding in my portfolio.
