Western Forest Products Inc T.WEF

1.39 barrier

[JYBJYB]

Looking back a year or so there seems to be a strong resistance at 1.39.  seeing as though this latest punch coincided with my last comment,  lets try again.

Knock Knock................

[JYBJYB]

The 21EMA daily timeframe is right on our tail.  with even modestly positve numbers and guidance this month we should (hopefully) launch through.

[CNDian]

https://www.canadianinsider.com/short-report?ticker=WEF once this 3million shorts wake up and buy back she'll bounce nicely

[JYBJYB]

Although I share your sentiment, this represents less that 1% of the float. Im not sure that this level would have a dramatic effect.  Keep in mind that I am still somewhat of an amateur at this. I do see the short ratio at 3.94 on yahoo. I'm surprised 4 days to cover. (but again - amateur) You still get a big thumbs up for bringing the info.

[itsalie]

yea that is not a huge short.. kind of a shame but also kind of good... the Feb results have to be good.. if its not popped before then.. I plan to add another 10k shares shortly which puts me at 30k shares.. a sizable investment for me.. 

[JYBJYB]

Wow. Now that's conviction there.  If this plays out close to the way i think it can, you will do very well. Think of the dividends as well.

[madmax42]

Don't wait too much to buy your 10k shares, this gonna pop soon! I also have 30k shares, average 1.10, good luck!

[itsalie]

I've actually changed my strategy as of late.. instead of buying stocks on the way down thinking I am getting a deal, I buy them on the way up.. I was waiting for todays action to get past 1.35.. cost me a few pennies but I filled my order.. 

[bbwibone]

Buying on the way down hurts, but that is how I accumulated 150,000 shares over the last 12 months, which I believe is about 0.04% of the company. Last time was 30,000 shares at $0.90 in November on that pullback. When I saw it heading down to $1.25 on Friday I began thinking of buying more but I would probably need a bigger pullback. In hindsight, I should have spread the capital around to at

[itsalie]

yea I did that with oil.. the problem can be what was once a 10k mistake is now a 30k mistake only with a lower break even :) half kidding.. but I have huge positions in oil by buying in the 'dip'.. I'll either be rich or poor. yet to be determined.. 

[jonvw92]

looks like we could break through $1.40 today

[itsalie]

1.42+0.04 (+2.8985%) As of 9:43AM EST. Market open.