RE: RE: RE: the woods are getting scary..... i dont like how the shares of norbord, west frasier are not trading well... factor this with lumber prices showing really first sign of weakness in a long time and to me there are too many warning signs to risk losing the gains already made in the woods
norbord shares are well below the recent offering and recent earnings which were very good.... west frasier share chart looks like double top formation.... now, ainsworth is back to the price it was just before the rights offering.... too much weakness for me, this is supposed to be a momentum trade
all the while, housing starts continue in usa, blackrock buying more homes than john q public? either its the greatest bull market in history, in which case i can buy back in anytime, or this whole sector is fully priced
glta