Shaping up to be a solid open; 25k shares away from $2.95Here's the current Level 2s:
| 1 | 2000 | 2.84 | 2.88 | 1100 | 2 |
| 1 | 100 | 2.81 | 2.89 | 5400 | 1 |
| 2 | 2900 | 2.8 | 2.9 | 3000 | 4 |
| 1 | 100 | 2.79 | 2.94 | 5600 | 2 |
| 2 | 200 | 2.78 | 2.95 | 10100 | 7 |
What I like is that we're a lot tighter than usual. E.g. less wild spreads of a dollar each way. That's nuts.
Also, this is in spite of weak pre-market futures. It's trepidation over Trump and the immigration peice. Like Brexit, it will pass.
Anyway, I expect we'll hit $2.95 tomorrow by noon and then march on from there. PM me if you are short and I'll sympathize with your plight and suggest you invest in WEF and CFX (lol).
Onward and upward. And if you don't know what a curve saw is dial into the Conf. Call repeat and Jim will explain it at length. I shouldn't joke, but the industry standard for recovering lumber from a log is WFT, say 68% ("LRF of 290"). TMB may be something like 59% ("LRF of 250") so there is some serious cash on the table by investing in primary breakdown in the lumber mills. I was shocked to look into WFT's financials and see they never posted an EBIDTA loss. Even in 2009. It's what good sawmilling will get you I suppose. It's why there is upside there on top of the Spec. Cell. cash cow, annuity power, bleach board bonanza and cheap CAD propping up newsprint.
Good luck tomorrow.