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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.7750.0%Dec 10 3:59 PM EST

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To: Hunter Vann who wrote (2685)7/14/1998 8:19:00 AM
From: MARK BARGER   of 2841
 
Nice little rebound for ECGOF on Monday. I sold what I thought was all of my ECGOF position shortly after they missed the infamous $1.20 earnings projection. I got a call from my banker last week to tell me that I had a margin problem with a brokerage acct. that's tied in to my personal checking acct. It turns out that once ECGOF dropped below $5 last week it was no longer marginable. I'm sure I'm not the only shareholder who had to dump shares because of margins requirement problems. For me it was only a couple hundred shares, and I stalled off selling them until today, so hopefully I got $5+ for them.

At any rate, I'm sure margin related selling attributed to the big crash of last week. As someone else mentioned, this cat ain't dead yet. I still say, heads need to roll in the top management.

Good luck to all

Mark
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