OTCPK:TMBMF - Post by User
Comment by
gavitronon Jan 17, 2011 1:06pm
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Post# 17984381
RE: What did I miss
RE: What did I missI read a report the other day about less than stellar stats in housing in Canada in December. Sorry I never saved the link. It said that while resale prices were up, new construction was down significantly in December mostly because of a huge amount of condo developments being put off in Ontario. That may have had something to do with it. My strategy is to take a deep breath. I don't think we're exactly crashing here, I would imagine alot of people decided to sell off when we hit the $5 mark.
On the positive I also read about analysts raising price targets on other lumber stocks and about how the government is pumping money in to lumber towns. Go to Globe and Mail and type in "lumber". You'll find lots of good stuff.