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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
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To: david james who wrote (2488)5/27/1998 9:54:00 AM
From: Hawkmoon  Read Replies (1) of 2841
 
Hey All!!

I was surprised to see ECGOF hit $7 yesterday, but at that price the bid size firmed up exponentially as a sign of solid support.

My guess is that there are a number of limit orders out there to pick up the stock at $7 and thus explains the Mmkrs dropping the price to fill those orders and generate some volume.

Regards,

Ron
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