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Norbord Inc. T.OSB

"Norbord is the largest global producer of oriented strand board, which is used as a structural panel for building applications. The majority of its mills are located throughout the United States, with additional capacity in Northern Europe."


TSX:OSB - Post by User

Post by carlocarlion Dec 06, 2017 10:05am
223 Views
Post# 27100033

Radioactivity

RadioactivityWhen a stock becomes radioactive it becomes almost impossible to predict at what level it might develop some support. It looks as if OSB is in just such a situation. Those who hold the stock want to get rid of it at any price and potential buyers don't want to come near it for fear of getting burned. Then there are those like me, who hold the stock and believe that it is basically a sound investment and don't want to sell it, but watch helplessly as their investment loses  a steady portion of its value every day for weeks at a time. I would have thought that a support level would be found at $42, but now, I would not be surprised if OSB were to test the $40 level this week or the next. Does anyone in this forum have an opinion?
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