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

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

ECX 1.635

-1.8%

2:26 PM EST

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To: david james who wrote (2102)	3/8/1998 4:49:00 PM
From: Michael Anthony	of 2841

Dave, so now you're speculating on an Eco buyout? IMO, the rise was short covering. The shorts will let it rise to ~10 3/4 to 11 IMO before they pounce again. If I was going to short Eco, it wouldn't be Monday morning. There is obviously buying pressure from new longs and short covering (~650K short as of Feb) and the shorts won't be back until it bounces some more. It should say around 10 until DBCO closes in June. Barring unforseen coverage that is.

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