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

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

ECX 1.705

+0.9%

10:53 AM EST

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To: MARK BARGER who wrote (2580)	7/2/1998 9:48:00 AM
From: Hawkmoon	of 2841

Mark, Funny that you mention this. The wife and I were just discussing a similar view wherein our 20/20 hindsight should have told us that the strong buying would be coming in at the $6 level since this puts us near 52-week support. Given the fact that ECGOF is currently in a quiet period before the July 6th earnings report, it might seem in retrospect that large limit orders would be placed in this price range and Mmkrs would walk it down here in order to build volume. We currently have accumulate/hold/buy recommendations out there there is nice room for upgrades after earnings. I continue to excercise patience and am discussing shifting some of my portfolio into accumulating more since we would require drastically bad news to drive us through this support level. And then the lawsuits would likely follow after than. I don't believe McGinnis is crazy enough to allow a greater disappointment in earnings without pre-announcing and we haven't yet seen that. Regards, Ron

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