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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. It has a lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.


TSX:WEF - Post by User

Bullboard Posts
Comment by Red_Deeron May 02, 2010 2:07pm
360 Views
Post# 17053885

RE: Trading today

RE: Trading todayAnd the volume and pace of trading has slowed down substantially to thepoint that there now can be 10 minutes or more between tradesconfirming that the momentum, hot money, day traders have moved on togreener pastures.

Thus we have what I call a normal market - finally after all these months!

This is what I posted last Thursday morning and boy did things really get 'normal' on Friday.

In fact the last trade of the day took place at 3:25:40 PM can you believe it!!!!!!!__That means there was nobody, neither seller nor buyer, willing to move from their bid/ask for almost 35 minutes!!!!!!__Even after the ask was dropped down to 43.5 cents from the last trade at 44 cents.

Furthermore all of the manipulation brokerages all disappeard on Friday__No sign of Jitney #99, nor Anonymous #1 or the old Iceberg #62 - or even the likes of Canacrap - they all were gone!

So looks like whatever #62 had been up to ever since last fall and all the short selling and other manipulations we endured last week are now likely a thing of the past and WEF will now trade with much less volume and less volatility with the share price moving in response to company news and the overall forestry sector outlook.

All of the above becomes quite evident if you look at the recent trading history on SH

Date Open Day High Day Low Close Volume
4/30/2010 0.435 0.45 0.43 0.44 422,100
4/29/2010 0.42 0.455 0.41 0.415 929,744
4/28/2010 0.435 0.45 0.40 0.405 1,822,118
4/27/2010 0.42 0.48 0.42 0.43 3,612,657
4/26/2010 0.54 0.55 0.425 0.43 7,438,620
4/23/2010 0.48 0.59 0.455 0.54 10,651,640
4/22/2010 0.425 0.52 0.425 0.465 20,936,060
4/21/2010 0.36 0.39 0.36 0.38 5,351,480
4/20/2010 0.34 0.36 0.34 0.355 3,300,611
4/19/2010 0.325 0.365 0.325 0.34 1,311,590
4/16/2010 0.33 0.33 0.30 0.325 326,800
4/15/2010 0.325 0.33 0.31 0.33 166,000
4/14/2010 0.325 0.33 0.305 0.31 198,326
4/13/2010 0.33 0.33 0.32 0.33 439,000
4/12/2010 0.33 0.33 0.325 0.33 156,930
4/9/2010 0.335 0.335 0.325 0.33 403,600
Bullboard Posts