Ainsworth Lumber Co Ltd ANSBF

buying at these levels

[estebancaballo]

and don't really understand why ANS is down again today......the US drop in unemployment claims should support the theory that the US economy is rebounding and that housing will continue to climb....any theories?

[mapmaker]

sorry louel but i think your "out to lunch". I track the bottom OSB value and i get the same benchmark values that ANS uses on their Quarterlies. Structural panel is plywood. Also on your theory that there is nothing fundamentally happening right now: In March, OSB prices hit $430/mbf, ANS hits $4.30 A couple weeks later OSB prices hit $375, ANS hits $3.85 Today OSB is at $357 and if

[louel]

I said when it was over $4 it should back off to $3.50 and perhaps as low a bit lower.     I think $3.40 would be just fine, but the 50day Ma. will be in the $3.40's when price gets there.  My intention is to play a bounce off the 50. Sell again if it reverses to the downside again. The 200 day moving average is down in the 20's 

[PAGODA5]

The lament of the stock investing loser.  Stocks go down because earnnings are not as good as you think.  You should have sold.  If you aren't winning you are losing.  See you below $3.50

[BCsilver]

$3.40 is also a 61.8 fib retrace of the last good run , good resistance around $3.20 , If the charts call a buy i shall back up the truck

[louel]

    I have been looking at the 2 day time frame    Your right,  BC  there is support at $3.50   If you measure previous cycle durations all three are consistent.  This cycle being the same length takes it to within a  day of the report. where it should offer a tradable bounce.   

[estebancaballo]

Not a big fan of technical trading....my  view is that the results next week will be very good hence a bounce...followed by a drop off and maybe nothing until the fall (summer is a seasonal low for lumber stocks, right?) ....any comments anyone? All imho....

[louel]

  I'm not sure I'm a big fan either but I've made a living full time trading since 2005.   Many of my  buys and sells I have no idea what the company does or most times I don't even know it's name.  Used for initially short term entries such as day or swing trades I've done well for going on 8 years.     I average 30 Plus

[PAGODA5]

If you like having bloddy hands, buy here.  The knives they are falling.  

[PAGODA5]

I would get out now.  There is something smelly afoot.  Any time you see trading like this,,,,bad news follows.  

[estebancaballo]

Well L, there are more things in heaven and earth than I have dreampt of....that is for certain....so there is no reason that tech trading can't work - as you so convincingly attest. I will have to look into this further. Like you I have a bricks and mortar business background and find a lot of this stuff hard to believe....will just have to try harder! Hey the internet works and I can't

[estebancaballo]

typo: dreamt not dreampt

[BCsilver]

"Not a big fan of technical trading" Spend some time learning it , you will never look back , i dont care 1 cent about fundamentals , i can trade any stock on the chart alone :P

[louel]

Check your inbox.  If you like it I also have another.