RE:RE:RE:RE:tripled position at 2.34I sure wouldn't be adding here, when a sector it turns hard and fast and leases no prisoners, I'm not saying the sector has turned quite yet, BUT, it COULD be the start of it turning and if it is, we have most likely already seen the highs, it won't matter what the next q or 2 will bring for wef. look what's happening in the tech and pot sectors, they turned and it's been going for a while, this will happen here at some point, no one can say for sure till it happens, always best to trim a bit when up a lot no matter how high you think it'll go.
wef was never going to get a multiple based on sky high lumber prices, you can have the best stock in the sector but when the etf's mutual funds pensions etc decide to bail all ships sink in that sector.
my thoughts are that possibly wef steps in today and starts buying some soon and we get a rebound to maybe mid 2.40's . My gut tells me this is more of a correction than downturn in commodities and the trees are shaking at the moment. hope I'm right, lol , but no one can say for sure, I think it's good for the sector if lumber prices come down, as long as they stay above $1000, lol.
anyhooo keeping a close eye on the futures etc. at least energy is up today
cheers and gl ferret