GREY:ETRFF - Post by User
Post by
Canoutchieon Mar 11, 2011 11:57pm
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Post# 18274607
Eacom Timber
Eacom TimberGavitron - I'm not sure how the Japanese earthquake will impact Eacom directly, insofar as I don't think ETR has significant sales to Asia or Japan. If I'm mistaken in that assumption, then please let me know.
I'm new to Eacom.
I've been slowly accumulating a position in this stock in the past week around the mid to high forties level.
Today I bought another 25000 shares, after having sold a good chunk of WEF-T.
I was getting nervous on my WEF-T holdings, as I was sitting on a nice gain from last September.
Some may think I'm an idiot for selling WEF-T and buying into ETR at this time, and time will certainly tell.
However, I started accumulating WEF last September around 30¢, when it was equally unloved as ETR seems now.
I first heard about WEF based on a Speculative Buy recommendation from Michael Decter on BNN.
As I said, I've been watching ETR for a while.
Sooner or later, lumber prices will improve.
The slump in US home building can't go on forever.
I'd rather buy a stock when it's unloved, similar to my purchase of WEF.
I've been wrong before on some of my stock-picks, and time will tell if I sold WEF too soon.
Having said that, I'd rather be selling a stock at a 52-week high and buying another at a 52-week low, versus the other way around.
Cheers and GLTA