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slow and steady! if we can do 200k-400k a day we should be good with a float less than 2 million could move very fast!
we get some news like that we should be well over .10 imho..
John D. Markman, of Moneymorning (for an impressive chart of lumber prices vs. other possible investments, see Moneymorning.com) really likes how the worldwide market for lumber is shaping up. Prices continue to push up.
* * * * * * *
FEBRUARY 11, 2010
Soaring Lumber Prices and Strong D.R. Horton Report May Not Signal an Immediate Rebound in Housing Stocks
BY JON D. MARKMAN, Contributing Writer, Money Morning
Crude oil, gold, steel and commodity stocks have all taken it on the chin to varying degrees so far this year.
But not every commodity has suffered this same tough fate. In fact, there's even been a major standout. It's a commodity that most investors rarely think about.
I'm talking about lumber.
LATEST COMMENT
owen k., your missing the main point. any gov. statistic is going tobe,a) skewed…
Raw lumber prices have zoomed more than 25% this year, even though the home construction business - its main use - has been scrambling along at record lows. This is a rather stunning development. But there's a solid explanation: Production has dropped in the face of weak demand - and dropped so much that prices have moved much higher (Please see chart below).
In other words, because there has been so little demand for lumber to build houses, timber companies have cut back on their harvesting and cutting. So now that home production is picking up a little - as was suggested in some earnings and economic reports last week - marginal new demand is pushing up the price of this surprisingly scarce commodity.
This is actually very good news, says Tom McClellan, a veteran technical analyst who has studied the lumber-housing relationship in great detail. He recently published a report that showed if you push a chart of the price of lumber futures one year forward, its lows tend to coincide with relative lows in the construction of new single-family homes. In essence, lows in home construction follow lows in lumber prices by 12 months.
This is important because we can now see that a major low in lumber prices was set a year ago - on Jan. 29, 2009, to be exact. With that knowledge in hand, you can extrapolate that single-family home construction is right now at a relative low.
This idea coincides with the Feb. 2 report of builder D.R. Horton Inc. (NYSE: DHI), which stated that every aspect of its business was improving in the wake of low mortgage rates, lower home prices and a federal tax credit. The revelation shocked Wall Street and sent most homebuilder stocks sharply higher for the first time in months.
The SPDR S&P Homebuilders (NYSE: XHB) Exchange-Traded Fund (ETF) has doubled from its March 2009 low, but has flat-lined since, waiting for the economics of the business to improve. Value funds are patiently buying the group with the expectation that the downside is now limited, as well as the belief that the upside could be substantial from these levels.
Volume will increase tomorrow and we will show a good gain to end the week out up and green!!
ok vol closed even! i'll take that
China's forest market is one of the largest in the world in terms of production, consumption, and imports of wood products. Its large forest estate and massive population has meant that it has also for some time been a leading nation in terms of the number of processing plants, number of people employed in the forestry sector, the scope of its non-timber forest markets, and the overall level of contributions of forest enterprises and markets to local livelihoods.
Lets see that double
We are due some PR, when it comes we will bounce over a dime in no time. I was hopinf for around 50,000 in volume. We fell well shirth of my expectations. But we will see some good trading to end the week.
Once the news comes out there will be a real big up tick.
News is well overdue and I this one has a nice low float imo.
That would be great!
Besides, the forestry industry would see value of its imports and exports surpass USD 70 billion in 2008.
The industry is expected to make production value of CNY 1.4 trillion, plant 5.48 million hectares of forest, plant 2.5 ...
Volume would certainly do it here, power hour may be able to give this a push.
This like power hour also.
Volume here low, 100% buyers though, still waiting for news.
Chart looks like could run hard with nice buying pressure
With nice volume this could make a big run. imo
Hopefully we can see what happened yesterday. Around 2 pm we get a nice big buy to push the volume into the 5 or 6 digits.
Nice end of day volume always picks up a little. Hopefully we will start to see an increase in volume.
So far all 9k volume has been buys.
Yes, looking at the level2 there is not much after that.
Volume picked up here, with more volume this could push into the .08's
Need more volume, get bid to meet ask. Looking for an afternoon rally!
$0.07's hitting today. Good sign of support and growing interest.
well i hope it doesn't dump also! doesn't look like it
ya, and as long as it doesnt dump like some im in, that will make people trust this one more and get in.
i would love to see it close at .09 today so we can hit some more radars
i do like the volume and pps, looks good.
vol is picking up slow.. .09 should be hit lets close it green
Very slow this morning, volume should pick up, we will see some good gains when it does.
Good morning all, need some volume today to get this one going.
I agree, could happen soon.
I agree. Looks like the MMs have been busy being naughty on a few stocks with lots of potenial. CHFY needs just a little push and they will be forced to cover.
lets go what happen to vol?/ someone slap the ask..
With the right news there could be a nice short squeeze imo.
MM's shorting CHFY!
http://regsho.finra.org/FORFshvol20100217.txt
This is just yesterday's data! In bold short shares!
20100217|CHFY|19830|30330|O
Going to be nice to see a volume spike.
Tenure security is a significant issue in China because of its population of 1 billion farmers. The goal of tenure reform in China is to encourage private investment because of the belief that individuals have more access to funding and expertise in sustainable forestry management. Favorable policies to encourage individual investment include granting individual user rights, transferability of user right certificates and the abolishment of the harvest tax. These reforms are credited with increasing China‘s
Today, 58% of China’s forest is owned by collectives, while the remaining 42% is owned by the state. User right certificates are only granted to collectives, their individual farm members and state owned companies. Although user rights can not be sold to non-collective members, collectives and their farmers can subcontract and lease out land use rights to PRC non-collective member
Five departments including the State Administration of Forestry, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Commerce and the State Taxation Administration recently released their plan for the revitalization of the forest industry 2010-2012. This will serve as the foundation for an action plan to support the industry through the current global economic crisis.
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China Forestry, Inc.
China Forestry, Inc.
Room 517, No. 18 Building
Nangangjizhoing District
Hi-Tech Development Zone
Harbin, Heilongjiang
China
Phone: 011-86-0451-8701125
OTC Market Tier
Pink Quote/OTCBB
Primary SIC — Industry Classification
6770 - Blank Checks
State Of Incorporation
NV
Jurisdiction Of Incorporation
United States
Company Officers
Yuan Tian, CEO
SEC Reporting Status
SEC Reporting Company
CIK 0000805729
Fiscal Year End 12/31
Estimated Market Cap: $1,500,000 as of Nov 13, 2009
Outstanding Shares: 50,000,000 as of Aug 13, 2008
Number of Shareholders of Record: 159 as of May 15, 2008
Dividends: Div: 0.01227 spl;
Ex-Date: Jul 3, 2007
Record Date: Jul 6, 2007
Pay Date: Jul 16, 2007
Company Notes
Formerly=Patriot Investment Corp. until 1-2008
Note=6-96 company is in the development stage seeking to acquire an interest in a business opportunity
Security Notes
New Issue=7-86 1,500,000 shs at 10 cents (best efforts-800,000 min.) by the company
Transfer Agent
OTC Stock Transfer, Inc.
231 E. 2100 South
Salt Lake City, UT 84165
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