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

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

ECX 1.660

-0.3%

3:59 PM EST

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To: Harry_Behemoth who wrote (2070)	3/6/1998 6:47:00 PM
From: Raymond James Norris	of 2841

<<As Copied from the Fool Board>> Well, I don't know about you guys, but I think Eco showed amazing strength today. And I also agree that today was the worst day to sell. You never sell when everyone is saying to sell. And now that almost everyone I know of is bearish on the stock, perhaps now is the time to be a bull. Granted I don't expect the stock to jump to 14.75 anytime very soon, the stock still remains very stable and strong (and undervalued!!!). Expect more releases like today's in the coming weeks. As with all long term holdings, earnings is the key. And while Eco won't appear to be growing as fast as it has been because of taxes, the street will recognize the underlying growth. We also have stronger hands with a lot of new shareholders at prices around 9.50. They unlike the old shareholders havent had to wait as long and will be less reluctant to sell on the upswigs. I believe 15 by year end is achievable (50% from today's close. Not a bad return.) Conservatively Yours, Raymond J. Norris

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