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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?

To: david james who wrote (1235)	12/11/1997 2:33:00 PM
From: Francois H. Gaston	Read Replies (1) \| Respond to of 2841

At last (!), we are enlarging these tight Bollinger Bands, and we can breathe (albeit scarred!). We are now dealing with an entire new beast, IMHO, because volume has picked up. This is not the first time that ECGOF drops "dramatically" after basing, to be followed by a leg up. I was very concerned at midday because, following the 10% drop, the volume was NOT there at all. If we close today at 10 1/4 with 500,000 shares traded we will be in excellent shape for a recovery (besides: that would give us one of those nice bullish hammer on japanese candlestiock charting). If we close at 10 or below, ECGOF will still be unstable. The reason of the drop (IMHO) is mainly due to the drop in the stockmarket, followed by margin calls and scared ECGOF stock holders. I don't see the shorts as being very important here. If there were in force today, we will see a nice rebound when they will buy to cover. Note: I am glad that some of you on this board are really doing the real due diligence with this company. Thank you all again. If you hurry with your SI article, David, you might be credited with an ECGOF recovery! Then again: it might only be due to Raymond going away, while you are coming back home. It seems to me that all the planets and constellations are going to line up correctly soon.... (I hope). Gaston PS: Mr. DELL is planning to sell 300,000 of his DELL shares and I hope "our" Mike is not planning to do the same with his ECGOF shares!

To: david james who wrote (1235)	12/11/1997 2:43:00 PM
From: MARK BARGER	Respond to of 2841

Geeeesh! Talk about throwing the baby out with the bath water! David, your story should read even more compelling with the price now in single digits(gg). If we make $1.20 that leaves us with a nice little P/E of 8, with year over year 4th qtr. growth of 75%. I'm not a TA expert, I look at the stochastics to guage short term trends, and about a week ago this stock was a screaming buy. TA or not, common sense says that after the shorts get finished playing whatever the heck is they're playing, 9 3/4 is a pretty darn good entry level. When will the shorts start to cover? 9,8,7, who knows? But when ECGOF does start to go up it should be an exciting ride up. I just can't see us at 10(or below) if we make $1.20 for '97. In the mean time where will the bottom be? Hopefully we've seen it today. Mark