3SOF

ICOC is starting to come back, rising 4.1% yesterday. Polyethylene prices, which is one of the main factors influencing ICOC's earnings, continue to climb:



2nd quarter earnings will be out on August 8th and I believe they'll be quite positive (also influenced by seasonality, the second quarter is historically the strongest).

I'm still not sure if I'll take profits on the news or not, it depends on the results and future guidance.

For now I'll keep holding ICOC.

ICOC has some slides over the following form 6-K, which don't tell us much about the future.

ICOC's earnings will be released in August 8th and I expect the company to beat expectations. It would be nice to have the stock trading at a new high before the earnings news, we'll see what happens.

ICOC seems to be about to make a bullish breakout to new highs above $12.08. Resin prices keep pushing higher, as you can see at the Plastics Exchange website and that makes me doubtful if I should take profits on the next quarter's good news (hopefully) or keep holding before this quarter. I guess it will depend on the news itself.

Between now and the earnings release in August 8th I'll just hold and wait.

I reviewed the four reasons I gave in ICOC's initial recommendation and they're all still valid today, so I'll keep on holding ICOC.

Interestingly enough, resin prices rose yesterday, even while global equity markets were going down sharply. This positively affects ICOC.

ICOC was one of the few bright spots in the Main Portfolio yesterday. Resin prices are strongly bullish now and I'm starting to consider holding ICOC beyond the 2nd quarter earnings results, which I expect to be good.

I expect a bullish breakout in ICOC anytime soon.

Quote from: David Randolph on July 26, 2007, 06:09:24 AM
ICOC was one of the few bright spots in the Main Portfolio yesterday. Resin prices are strongly bullish now and I'm starting to consider holding ICOC beyond the 2nd quarter earnings results, which I expect to be good.

I expect a bullish breakout in ICOC anytime soon.

David No Doubt breakout is coming and 13.70 in the pocket very soon 

150,000 shares from one seller ....Why ? 

Quote from: Garoh on July 26, 2007, 11:29:58 AM
150,000 shares from one seller ....Why ? 

The man thought: "gee, I'm losing so much over the past few days with the market down a lot, let me see, where do I have some profits to take? ICOC, just sell it".

We could say: "but watch out man, look at the fundamental trends, look at the positive earnings surprise that will probably be out this quarter and next" that he would say "I don't care, just get me out of the market".

ICOC came off to touch the ascending 50 days SMA support. Volume was spectacular. A terrific buying opportunity in my view. I'll keep holding ICOC, the stock will probably be above $12 in a couple of weeks.

Wow, resin prices had a big jump on Friday, check it out here: http://www.plasticsexchange.com/

And ignorants sold ICOC ... I feel like buying more ... but I can't, money management rules don't let me do it.

The stock is standing right at the 50 days SMA support and fundamentals are improving by the day. I say it won't take more than a couple of weeks for ICOC to be at a new high.

ICOC is definitely set to rise, I expect the stock to be between $11 and $12 before earnings on August 8th.

ICOC rose a bit, but it's still not enough to reflect the company's value, especially as resin prices keep rising: http://www.plasticsexchange.com/

I wonder if resin is correlated with the oil price? Nah, it doesn't make much sense ... what are the drivers of the resin price? Probably the World's pace of economic growth.

I'll continue holding ICOC.

Quote

I wonder if resin is correlated with the oil price? Nah, it doesn't make much sense ... what are the drivers of the resin price? Probably the World's pace of economic growth.

I found this on 2 different sites ...

Although the U.S. plastics industry has stabilized and capacity utilization is running at a healthy clip, high resin prices — tied to natural gas and oil — have pinched profits at companies and put up a yellow light of caution for customers looking to buy new machines.

and

The price of copper has doubled in less than two years, and the price of plastic resin is correlated to the rising price of crude oil.

Quote from: Se7en on July 31, 2007, 07:31:22 PM

Quote

I wonder if resin is correlated with the oil price? Nah, it doesn't make much sense ... what are the drivers of the resin price? Probably the World's pace of economic growth.

I found this on 2 different sites ...

Although the U.S. plastics industry has stabilized and capacity utilization is running at a healthy clip, high resin prices — tied to natural gas and oil — have pinched profits at companies and put up a yellow light of caution for customers looking to buy new machines.

and

The price of copper has doubled in less than two years, and the price of plastic resin is correlated to the rising price of crude oil.

Thanks a lot for the useful information Se7en (applaud)

ICOC had a nice yesterday, rising 3.8% on volume above average. As I've been saying, I expect the stock to be between $11 and $12 before earnings and then to breakout on the upside.

Nothing happened yesterday on ICOC.

Webcast Alert: ICO, Inc. Announces Third Quarter Fiscal 2007 Earnings Webcast
Friday August 3, 7:00 am ET

HOUSTON, Aug. 3 /PRNewswire-FirstCall/ -- ICO, Inc. (Nasdaq: ICOC - News) announces the following Webcast:

     What:     Third Quarter Fiscal 2007 Earnings

     When:     August 8, 2007 at 10:00 AM Central/11:00 AM Eastern

     Where:    http://www.videonewswire.com/event.asp?id=41109

     How:      Live over the Internet -- Simply log on to the web at the
               address above.

     Contact:  Jon C. Biro of ICO, Inc. 713.351.4100

Investors may participate in the conference call by dialing 847-413-3235, passcode 18491471


http://biz.yahoo.com/prnews/070803/aqf001.html?.v=19