American Eco (ECGOF, ECX on Toronto exchange) Message Board

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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

ECX 1.850

+1.9%

10:44 AM EST

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To: david james who wrote (1235)	12/11/1997 2:43:00 PM
From: MARK BARGER	of 2841

Geeeesh! Talk about throwing the baby out with the bath water! David, your story should read even more compelling with the price now in single digits(gg). If we make $1.20 that leaves us with a nice little P/E of 8, with year over year 4th qtr. growth of 75%. I'm not a TA expert, I look at the stochastics to guage short term trends, and about a week ago this stock was a screaming buy. TA or not, common sense says that after the shorts get finished playing whatever the heck is they're playing, 9 3/4 is a pretty darn good entry level. When will the shorts start to cover? 9,8,7, who knows? But when ECGOF does start to go up it should be an exciting ride up. I just can't see us at 10(or below) if we make $1.20 for '97. In the mean time where will the bottom be? Hopefully we've seen it today. Mark

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