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Strategies & Market Trends : Undervalued Stocks = Low P/E to Growth Ratios

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To: Ritch Hwang who wrote (50)8/28/1997 8:15:00 PM
From: david james   of 297
 
Yes, I think ECGOF can double within a couple months although I'm in for the long haul - not simply because it is extremely undervalued (PEG = .18) and not because of the analyst target, but because the recent movement and volume has attracted many investors to take a close look at it. We are expecting a finance deal to be announced early next week. Today's movement was quite interesting. MMs dropped it mid day shaking out a few loose hands then came roaring back at the close with a number of good size blocks. Certainly looks like institutional buying.
Take a very close look at it. CEO has bought over 300,000 shares and was up to his margin limit when the stock was at 8.

I don't think my link to the ECGOF thread was correct the first time.
Subject 14538

David
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