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Gold/Mining/Energy : Echo Bay Mines, anyone (anyone) ((anyone))? -- Ignore unavailable to you. Want to Upgrade?


To: LesX who wrote (171)11/12/1997 6:46:00 PM
From: Roebear  Respond to of 300
 
LesX Yes indeed and the price was beginning to respond to that before the POG got knocked around again this afternoon. Echo will reverberate once again when the POG improves. In refernce to that note this link to a link. Comments welcome.

techstocks.com



To: LesX who wrote (171)11/12/1997 8:36:00 PM
From: Alex Burns  Read Replies (1) | Respond to of 300
 
LesX, could you explain how you figure the ROI potential?

Despite good news (an analyst upgrade)today, the ECO stock price went down. IMO, the price action in gold is driving the price action of ECO. For more on that, let me quote from today's "Gold Mining Outlook" by Steven Jon Kaplan at geocities.com

"The price of gold retested its $307 low of October 24, 1997. Gold mining shares mostly hit new annual lows as very bearish sentiment inspired a general selloff and the XAU hit its lowest intraday level since March 12, 1993."

Alex