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Strategies & Market Trends : Ride the Tiger with CD

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To: marci58 who wrote (100098)	11/30/2007 1:17:47 PM
From: PaperPerson	Read Replies (2) of 312878

KXL WORTH NOTHING: * Best comparison for KXL is Aurelian. Aurelian achieved its run-up from roughly 3 to 40 in less than a year, despite an iffy political environment in Ecuador. Here we have a high grade discovery in a politically safe region. on this chart, bear in mind that Aurelian did a four for one split in July. finance.yahoo.com * Today's KXL price move thus far has not even taken it up to its recent highs. (I know because I paid 4.36 for some a few weeks ago, brilliant trader that I am :) So I was averaging down when I picked up fresh shares this morning! The current market, in which even gold producers are soft depsite gold hovering at $800, helped temper everybody's enthusiasm. KXL may be expensive by the standards of the penny stock guys, but as a likely acquisition target, $400 mm (~ 88 mm times 4.50) is still el cheapo. Majors are hungry for pipeline projects in safe locales. Can anybody name a better project than one with several kilometers of veins showing on the surface and the first drill holes coming in red hot? * I personally think that in the 800 dollar gold environment, the big players are going to be taking less of a wait-and see attitude about juniors than in the past.

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