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Louisiana-Pacific Corp. Message Board

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  • tubo55 tubo55 May 8, 2000 9:34 AM Flag

    OSB prices continue fall

    LPX looks like a good hold for the intermediate
    term. The downside risk appears to be far less than the
    upside potential.

    The short term picture is
    cloudy and is open to many short term

    On the monthly chart the stock has either completed
    5 waves down from 1994 or is extremely close. The
    monthly says the probability is the stock should
    eventually make it into the 20's.

    The daily has 2
    possible stopping points in the 16's and the 18's where
    the stock would have a drop or go sideways from for
    awhile. If these stopping points are accurate it is
    likely if the stock goes sideways from the 16's it will
    drop from the 18's and vica versa before eventually
    making it into the 20's.

16.95+0.38(+2.29%)Oct 8 4:04 PMEDT