re: improved on yesterday's gains (for kl) Hi KLI was expecting...

re: improved on yesterday's gains (for kl) Hi KL

I was expecting a pull-back on the close too, since despite the $6m windfall yesterday I suspect that much of today's action was trader-generated.

The fact that the stock held its gains has me likewise wondering whether there is some substance behind the rise. There are plenty of fundamental and chart reasons why a rise could occur but one is always suspicious when it does so in the absence of an announcement - although it wouldn't be the first time that a stock traded upwards on leaks or rumours....

Time will reveal all. Good drill results would certainly assist momentum and an announcement can't be far away.

Best of luck,

Gupper