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Mercer International Inc. (MERC) Message Board

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  • peter_norths_proctologist peter_norths_proctologist Apr 19, 2011 11:25 AM Flag

    broke 50-dma today

    I haven't seen any insider selling since late March. Unless insiders are the ones dumping today? But I have a feeling today was a technical sell-off. The 50-dma always triggers some stop losses and profit taking.

    Q1 is history, and it should be a good quarterly report on May 5. But now with the trend in NBSK prices heading even higher going into Q2, it's tough to sell this stock into weakness.

    So I expect gross margins and top line to increase. Not many stocks have that going for them.

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