This is either a great buying opportunity, or the end of the road. With NBSK prices continuing to climb, I think the edge is to the upside with MERC. Today could just be a technical shakeout. Unless there are unforeseen problems.
No, still holding. Will buy more if it gets hammered. We have knowledge that NBSK pricing remains firm. I still think the sell-off is technical until proven otherwise. The last of the weak hands should be out by Friday, or early next week.
I see channel trading more risky now as the technicals have changed. 50-dma breakdown, first time since October 2010. Broke support on higher volume. Tomorrow could be the start of falling knife action on huge volume. We'll see. Watch out for gap down tomorrow morning. Though there's no fundamental reason for stock to break down, a lot of times the technicals lead fundamentals. Especially when there's been a leak.