GREY:ANSBF - Post by User
Post by
xenes25on Sep 27, 2012 7:34pm
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Post# 20422804
Market correction
Market correction OSB prices are adjusting down, after several months of steady increases. Inventories in the field remain light, so that has not changed. My hunch is we will see a bottom 270--280.00/M Western Canada mill; This is quite a fall from where we are now (360--370.00), but producers would still be in the black at these lower levels. I notice Goldman has been a steady ANS buyer over the past 2 weeks, on light volume. Seems that insiders are not getting out, and institutional interest is continuing. Hang on to your shares! JMHO