We pulled out all the lame lumber, wood and log jokes today to try and get investors to smile. Ugly days indeed.
There is no need to do anything in ugly markets like these except…look. Build a list. Watch for strength.
Plum Creek, like many all-time high stocks of late, has been beaten up rather fast. Brian takes a look at the technical picture:
I found this company surfing the all-time high lists and it looks real tempting at today’s prices. I am going to wait for strength so am passing for now. I am sticking to air tight growth stories for new positions until the mood gets better on Wall Street.
More research on PCL can be started at the Google Finance Start page . It’s a great pure play on timberland.