GREY:ANSBF - Post by User
Post by
ferret_caon Mar 06, 2013 2:41pm
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Post# 21089028
Great ride, more to come
Great ride, more to come although we've had a great run here I believe there is still a long ways to go in this lumber cycle. us housing starts still under 1 mil and should get to 1.5 mil in the next 2 years.also the japanese are stimulating their economy and that means more lumber from canada, plus there is demand from china, simple supply and demand will keep lumber strong for a long time yet. we'll have some dips, which we just had along the way, but on every dip money will come pouring into these stocks, so much loot on the sidelines itching to get into the market. should consolidate here for a bit, hopefully, as we are back to old highs pre rites, then should see some more upside to who knows where. am also holding ifp.a and canfor in this sector and don't plan selling any of these any time soon.
cheers and gl ferret