verso start attacking the 1.35-1.50 range early this week in preparation for earnings.....money flow has been solid into this sector large and small BUT that can change quickly. Need to see more evidence that the sector has legs. Black liquor gift should hold as I said until the economy turns positive then I believe it will be taken away.........for now it will be an economic stimulus gift in my opinion. You see the Russell doing well and I am playing it via leveraged ETF's so money flow is going into the small frys again. Good luck folks.....luck always helps. Boolean.
Future guidance is what I'm interested in the conference call on Thursday. Hope Verso is seeing some glimmers of light (increase sales) in the second half of the year. You're right- black liquor is a nice gift. Verso share's volume and movement are things to be watched during this week.
I would not be wasting my time looking for guidance......the guidance will not be good - I don't see any way that it can be. It was good to see MACD go positive but the selling was strong on the down move and the buying support was not very good = the close where we did which was not very encouraging. It will be good to see what happens to Boise (which I also own) tomorrow and Wednesday with their earnings release. International Paper continues to respond positively to their earnings. Short covering is also in play. Tomorrow will be a telling day for us and if I had to guess I would say we will be flat to down mildly. We could see some wild gyrations tomorrow in my opinion as I look at my work. My infrastructure plays were stellar as were commodities so anything can happen......if faith is lost in Obama we are all in trouble as the market will collapse hard. Obama must not lose his golden status - people believe in him and that is good as psychology is what drives the market. Good luck. Boolean.