Crazy last 8 trading days!!!Hi Everyone,
With over 1.5 million CONIFEX TIMBER - CFF shares changing hands (some of the same shares surely over and over again) in the last eight trading days, it has been CRAZY. Crazy at least in establishing a large trading range during this time, with lots of news and opinions released along the way. From a start ($0.41) of almost the same as where we ended up ($0.43), we went as low as $0.21 to a high of $0.55, with an ASK at one point of over $0.60. During this time, CFF reported an UGLY second quarterly loss, which was widely expected (but showed better future prospects), plus received a reconfirmation of a strong outperform rating from a key stock analyst. All during this period, lumber future contracts continued to rise substantially (although from very bad lows). While CFF stock has been very speculative over the last few years, on a very downward trendline, even with survival at risk recently, I believe CFF now presents great value as a possible big turn around prospect. If lumber prices can keep climbing (still need another $100+ per 1000 BF on each contract - but seems quite possible as lumber futures continue to rise, lower interest rates and more housing starts coming???), it will make most forestry/timber/lumber companies like Conifex closer to break even or actually start hauling in some long-awaited profits. Plus, with CFF, they have a great hiiden secret weapon - A nice BioMass division that makes great income/profits. All this is based upon facts I have researched but believe factual, and my own opinion.
Angles