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AMCOL International Corporation Message Board

  • rhodoho rhodoho Jun 13, 2006 11:21 AM Flag

    Filling the January Gap?

    Looks like a 21 handle is our future in order to fill the gap made back in January. Hard to understand unless we are going to stop drilling for oil.

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    • $21 would be a milestone where some support should come in. You are then hitting the top of the 2004-2005 base that was then built.
      It could happen this week! Friday is the "tripple witching" day.Wierd things happen. This Friday through the 21st of July could continue to be very volatile too. The three weeks before the earnings announcement have typically been VERY volatile. But, it can latile up or down.
      The price has been sliding down the lower Bollinger band for so long it is unlikly to rebound sharply. The point and figure chart now has a price objective of $12 and will go lower when the #22 box is filled in.
      My belief is that the hedge funds have found a VERY profitable arbitrage trade by buying the DJIA index or the S&P 100 index and selling the S&P 600 small cap index (or ther metals and mining index.) There is a lot of money in the hedge funds now and most of it is in Europe and Asia. When that trade turns unprofitable the up trend may be equally steep.
      I am waiting for a gap down on a million share day to buy back the stock I sold after Cramer's hast hype at $33.

 
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