How about LUMBER???

[bobbymak880]

Any comments/observations/rants about lumber?

 

[Mercor]

TIMBER!!!!!!!!!!!!!!!!!!!!!!

 

[nazzdack]

Slightly bullish.....buy dips......$200 ought to be good support

 

[Shagi]

Quote from nazzdack:

Slightly bullish.....buy dips......$200 ought to be good support

There is no reason to buy this, it can continue to go lower

 

[Rtrader2525]

lumber is a horrible market right up there with bellies and oats just stay away

 

[tradehugger]

Is lumber liquid? -No. Is lumber a good trending market? - Yes. As a spec play where you're risking a small piece of your futures stake and you're looking for intermediate to longer-term moves, lumber is not that bad. Seasonality tends to be a nice tool for timing turns, and the spreads tend to be manageable.

 

[bobbymak880]

July is showing signs of support despite the bad housing news. Could this be anticipating a few hurricaines?
b

 

[youngtrader]

Quote from bobbymak880:

July is showing signs of support despite the bad housing news. Could this be anticipating a few hurricaines?
b

I would imagine they are just pricing in the fact that the housing market should be just about bottomed out by july hence is the reason for support in july.

 

[Longhorns]

Quote from youngtrader:

I would imagine they are just pricing in the fact that the housing market should be just about bottomed out by july.

LMAO

Hope you meant July 2010.

 

[Rtrader2525]

i9 agree with longhorns