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

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

ECX 2.025

-4.5%

11:56 AM EST

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To: WhySoSoon who wrote (2751)	11/9/1998 8:28:00 PM
From: Hawkmoon	of 2841

Well, money flow remains positive despite the bad news. However, the MACD has turned negative and I think some folks hoping they were buying an undervalued stock may decide to cut their losses while they can before a big round of tax loss selling hits the stock. I still stand by my prediction of sub-$2 close within the next couple of weeks. Btw, the price to sales should no longer be valid since the Amethyst projects were a large bulk of ECGOF's business. I'm not trying to bash the stock, but just relay the opinion of one the company's jaded former investors, namely myself. We were sitting on a nice profit in TAVA until I stupidly decided that ECGOF was undervalued at $6 and sold my TAVA and bought this boner stock. Shame on me. No wait... shame on McGinnis for not fessing up about that $2 million charge before reporting a loss instead of expected profitability. Regards, Ron

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