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AMCOL International Corporation Message Board

  • rhodoho rhodoho Jul 13, 2006 12:12 PM Flag

    Big Dig?

    Was ACO involved with the Big Dig fiasco?

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    • The news stories on my tv indicate the fault is defective rebar. I believe AMCOL's products are to seal water out for the tunnel after drilling the hole. I have heard of no stories that water gushed in after the concrete fell. Possibly a good selling point - positive rather than a negative.
      Wedbush Morgan lowered their earnings estimates for 2006 and 2007 by two cents, keeping their target price at $32 and holding their "buy" rating.
      As I write this the aco price is below the Bollinger lower band and when there it can follow the lower band down for a while. IF it hits $22 it will be a point and figure chart "tripple bottom" sell signal that is a much stronger sell signal than the "double bottom" sell that it has been trading on since last May. It will lower the target price into the lower teens.

 

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