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The Water Cooler
General Discussion
Lumber Prices Record Biggest Weekly Drop Ever
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<blockquote data-quote="SlugSlinger" data-source="post: 3592466" data-attributes="member: 7248"><p>Good question. Lowe’s and Home Depot both have purchased contracts for the high lumber prices. HD indicated they were going to donate lumber to non profits. Prices will drop when they sell or donate the high price contracted lumber. The demand for high priced lumber has dropped like a rock, it’s a double edge sword. No demand and the are stuck with a bunch of high prices lumber. </p><p></p><p>I am thinking about shorting Lowe’s or Home Depot.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3592466, member: 7248"] Good question. Lowe’s and Home Depot both have purchased contracts for the high lumber prices. HD indicated they were going to donate lumber to non profits. Prices will drop when they sell or donate the high price contracted lumber. The demand for high priced lumber has dropped like a rock, it’s a double edge sword. No demand and the are stuck with a bunch of high prices lumber. I am thinking about shorting Lowe’s or Home Depot. [/QUOTE]
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The Water Cooler
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Lumber Prices Record Biggest Weekly Drop Ever
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