Great post Cedar! I think the thing to do as far as KXL is put your head down, ignore the current SP unless you are up for buying more, and wake up in the spring. Hmmm, I resemble a grizzly bear with that strategy. KXL hasn't really dropped due to the turmoil of the last few days, not like others. Some crazy valuations. Hudbay is trading at under it's cash in the bank value (the mine is free!), Diana shipping, in my RSP at it's regular dividend equals a 24% div rate!
Would be interesting and profitable to call the bottom on this. Will have to read my books on capitulation. I remember hearing it often peaks at about 2 pm on "the big day"when everyone gets their margin call after lunch. I think KXL has a bright future, if we can hold downour own lunch.
Cheers?
