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Gold/Mining/Energy : Gold Price Monitor
GDXJ 108.29-0.9%4:00 PM EST

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To: Bill Grant who wrote (6145)1/17/1998 11:48:00 AM
From: WHL  Read Replies (2) of 116790
 
ECO on credit watch with S&P? My experience has been that this event is a SCREAMING BUY indication for stocks that are likely to survive (after allowing the downgrade to be reflected in the market- which takes about 6-8 weeks). I would certainly put ECO in this camp. On DME a few years ago- the stock went from $4.00 to $8.00, split 2 for 1, and then went from $4.00 to $16.00- all within a year of S&P's downgrade.
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