West Fraser Timber Co Ltd T.WFG

Bank of Canada comments positive

[Frost19]

"Housing price gains rooted in fundamental demand increase"

No rate increase until 2022 at the earliest and Canada would be foolish to raise before the US anyway because our dollar would rise and adversly hurt us

[Kojacks88]

Just saw that , thanks Frost

[Frost19]

Honestly, I think last 24 hours was just profit taking and nervous reaction over yesterday’s lumber price dropping for the first time in almost a month. The price could drop 30% over the next month and still Q2 would be a record pricing for lumber. I know that lumber pricing is going to fluctuate. The positive is that what you see in the yards right now is all spoken for (expect retail stores

[sunshine7]

TD has $95.43 as stop loss point. This will likely been triggered or defended. May be a buy of the month in next hours.

[Strohs16]

I hear a lot of what you're saying, but geez, the volume before 9:45 am was insane, and this is a big drop, I was thinking something more than just profit taking, and I did some google searches but didn't really find anything....of course I added yesterday, as luck would have it, and added a bit this morning to drop my ACB...have a couple hundred shares that I've been sitting on

[lifeisgood1010]

I agree with all the posters comments of this morning Like Ben Graham use to say,most of the time MR Market get it right but sometime, he goes on maniaco or depressive move. This morning we are getting a gift from the investors who can't control their emotions because lumber futures went from +$48 to -$48 yesterday and are down again this morning Investors are not looking at the big pictures