RE:RE:Good intel on Mack's start-up, thanksAgree on all points. I tend to be bullish on lumber as it is going to be hard to washout this cycle out barring a severe, catastrophic downturn where housing goes back to ’08 levels, but keep in mind that was an overreaction to an overreaction (starts over 2.0 million in the years prior). The European wood is heavily affected by the spruce beetle and the fright costs are burdensome – can send stuff on that if interested and Rayonier’s invertor docs summarize this well. There is much more risk of substitution for things like southern hemisphere OSB and plywood but that's not our focus. From a purely NA vantage it is going to be tough to kill this market as we have previously done for many reasons I've weighed in on before. So, your comment "when the lumber cycle turns next" is both true and certain, but I am betting (heavily; I'm all-in) that we will see a new norm of higher highs and more modest lows. That is the fundamental details….
…On the technical side, we're at 70,000 shares changing hands again today. Very modest but compared to the historic levels pretty darn good. Maybe this is the technical breakout we've been waiting for? This is so absurdly thinly traded any mild additional interest will push this to the stratosphere. Will there be technical pressure then? Sure, but comparatively modest as many (most?) have a high average cost.