Post by
Rational43 on May 19, 2021 12:06pm
RSI in the 30's, we'll close Green today
This AM was probably capitulation in the lumber names, in sympathy with Tulip Coins demise.
Hopefully Cathie Wood didn't get into lumber.
Gold is up, as the logical safe haven left standing.
Interesting times, this market is volatile!
Comment by
Rational43 on May 20, 2021 1:50pm
What, Limit UP two days in a row since this call? Crazy. Lumber was never going to stay at $1,600. It never had to, as this stock is priced for ~ $500 lumber, give or take power production. Hope they are buying back shares!!!
Comment by
BullBoyMoon on May 20, 2021 2:16pm
You are 100% right re: the stock pricing in a lowball lumber price. Rumour on the street is there is a takeover offer for Conifex pending that may be announced in the next month.
Comment by
Rational43 on May 20, 2021 2:38pm
Don't know about a rumour, but this thing could be taken out with a 50% premium with 1 month of free cash flow from their competition, and the value of the Biofuel electricity plant would likely boost their market cap (marketed correctly) 10 times the cost of buying Conifex.