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Gold/Mining/Energy : Envoy Communications Group (TSE : ECG)

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To: TLCervantes who wrote ()6/17/2000 8:09:00 AM
From: P2V  Read Replies (1) of 274
 
From today's otcjournal.com

Mid week Envoy announced another major acquisition, and the stock made a valiant attempt to make its way through $7 with no luck. In a different market environment we believe that this stock would probably be on its way through $8 now and looking for $10.

Mid week Envoy shares were upgraded to a strong buy at Toronto Based Yorkton Securities. Analyst John McElveen placed a $12.50 (CDN) price target on the stock, which translates to about $9 in the US on the NASDAQ market if he is right.

Choppy market conditions are holding this one back, but we fell that the next Bull will take this stock much higher. Please have patience and add to your position on any weakness if your risk tolerance and capital allow you to do so.

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