Monday, August 31, 2009 4:30:15 PM
Why By MDOR - Look at the Chart below - Major breakout today - blew through the upper bollinger band on 2.3 mil volume based on news after the close Friday and over the weekend that the Colorado tire landfill acquisition was completed. I anticipate more news this week based on recent NRs regarding the company's patented process to be able to replace a significant percentage of virgin rubber wih recycled rubber for manufactured rubber products such as tires, etc. That will reduce manufacturing costs with no degradation of product specifications. This will have major world wide implications, not the least of which will be to extend the life of our virgin rubber forests. Cohen Independant Research has provided analyst coverage of the stock, giving it a buy rating with an expected $4.00 plus target price.
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