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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.6900.0%3:59 PM EST

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To: Tim L. who wrote (2546)6/15/1998 7:55:00 PM
From: Hawkmoon  Read Replies (1) of 2841
 
Tim (or the resident options expert),

Could someone give me a reading of this display of open interest figures on ECGOF options from Dailystocks.com??

206.7.107.6

And VectorVest is telling us that:

"ECGOF has about average safety with well above average upside potential. It reflects a stock which is likely to
give well above average,relatively consistent returns over the long term."

vectorvest.com

But somewhere they give us this recommendation:

"(REC): ECGOF has a Sell recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks which are rising in price, and to avoid or sell risky, overvalued stocks which are falling in price."

Geezus!!! Despite being a relative safe stock with earnings potential with a friggin' P/E of 7 they tell us this is a sell.

I wonder when they start suggesting it is a buy? at $3/share??

This is ridiculous regardless of the overall decline in oil prices.

Excess energy inventory will be worked through since no refinery is willing to refine crude oil at non-profitable margins.

Regards,

Ron
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