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Re: Tweet: NinjaRyan
Thanks Tango. I think any one month is random and only cumulative data over several months matter. On that front we've gone from very bullish vs seasonal numbers 6 months ago to more average/seasonal patterns. Youd think that would be bearish but what were pricing today is how low we get over the next year and a half to 2 years so there's a long ways to go and certs and brazilian shipments matter more short term. Personally what my fundamental work says is we're a little above fair value but by and large well priced. I think price action is saying the same thing...were in a random chop at a reasonable price given what we know today. I see little to do here other than take the other side of a move below 200 or above 250.