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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.850+5.7%Nov 28 9:30 AM EST

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To: david james who wrote (1282)12/16/1997 2:40:00 PM
From: Frederick Langford  Read Replies (1) of 2841
 
For all of you who got so offended when I posted that the only thing wrong with this stock is that they didn't beat estimates last quarter, maybe now you will believe me. The street believed Mike, just like we did. Companies are judged by their ESP growth. When they failed to beat, the stock no longer had the attraction it previously had. The shorts moved in and the momentum players sold. If I were Mike, and owned what he ownes, I'd sure as hell make sure someone was spending time with analysts and make darn sure they were kept up to date. This stock has lost 1/3 of it's value since around the earnings report. IR chimes how great things are.......
Fred
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