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

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

ECX 1.865

+6.9%

12:59 PM EST

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To: scott mcdowell who wrote (1263)	12/14/1997 9:52:00 PM
From: MARK BARGER	Read Replies (1) of 2841

Hi Scott, the latest short interest reported was around 600,000 shares out of 19,000,000 outstanding. Not a lot of short shares, but the month before only 300,000 shares were short, so there was an increase in the last month. A purchase at this price level has a very favorable risk/reward. A lot of us feel ECGOF has or is about to bottom and has huge upside potential. Eco could go down another point or 2, but it has better odds in the next 2-3 months of breaking though it's old highs in the 14-15 range. As far as what the shorts are thinking, beats me: low P/E, record earnings coming out, new analyst coverage in a matter of days. My short term concern with ECGOF is not that the short interest is large, only that is has increased somewhat in the last month. This stock was shorted unmercifully this summer from around 10 down to 5.5 before bottoming out and then exploding up to 14+, and then the slow drift down over the last 2 months. IMO looks a nice entry point. Good Luck! Mark

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