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

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

ECX 1.745

-0.6%

Nov 26 3:59 PM EST

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To: MARK BARGER who wrote (1250)	12/12/1997 3:10:00 PM
From: Francois H. Gaston	Read Replies (1) of 2841

Mark you said: <<Boy, the stock cannot make any head way at all today. Somebody has been unloading pretty steady at 9 7/8 I just saw 15,000 shares go by at the bid. Could be some more margin call pressure also today.>> Personally, I still like that volume ( > 300,000 shares traded) and ECGOF NOT diving. There are therefore many buyers here, who are collecting these dumped shares. In the last two days we have found some floor (albeit still unstable) and the stock has solidified its position in the high 9s....for a leg up, hopefully quite soon... (I hope). Remember: even if we close at 9 7/8 with 400,000 shares traded, this would mean serious accumulation and NOT distribution. Gaston

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