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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

ECX 2.025

-4.5%

11:56 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MARK BARGER who wrote (2756)	11/15/1998 8:24:00 PM
From: Hawkmoon	Read Replies (2) of 2841

Mark, I hate to say your right (nothing personal, mind you), but I just pulled up the TA on the stock and money flow remains very impressive, despite the declining price of the shares. However, even though were sitting on a double bottom, ECGOF could trade in a fairly narrow channel for months to come. Especially since they have lost their major Amethyst contract. I wonder if someone out there is accumulating the shares in order to buttress the company and keep it from defaulting on the $120 million in bonds the company has to service. I would think that the bondholders have a strong vested interest in supporting this company. Hmmm... but I'm just so jaded I have a hard time risking money on this stock again.. but I guess that is just the time to buy. Watch the options... they should be an indicator of future moves. Big traders like to make money on them and cheap investment in the cheap options, followed by some buying in the common stock can reap some healthy gains for those with the capital. Regards, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next