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

To: Tim Gardner who wrote (1952)	3/5/1998 4:51:00 PM
From: Bruce Rogers	Respond to of 2841

Blah, blah, blah. Spin it any way you want. The bottom line is that Mike's "comfort levels" can no longer be relied upon--nor can the company be relied upon to keep lower than expected earnings to themselves--obviously these pathetic results (compared to what the company continually led investors to expect) were leaked a week ago to some favored few--the volume and share price now leave no other interpretation. No matter how good the results are year over year, the company has a responsibility to give either accurate expected earnings or none--they are under no obligation to speculate, but if they do speculate/guess it should be accurate. Almost for sure we can expect a shareholder's suit--attorneys are no doubt already going back and getting the dates and wordings of Mike's "comfort levels."

To: Tim Gardner who wrote (1952)	3/5/1998 5:40:00 PM
From: WhySoSoon	Respond to of 2841

People are getting used to making a fast buck in the market lately. The investing time frame is extremely short, i.e. move in and out quickly. That's why you saw a big gyration if earnings does not come through. Having said that, you have to ask yourself about the future earning prospect of this stock. If it is very gloomy, then you should be out. If this is only a hiccup, then you should hold and even buy at depressed level. Folks, before you join the herd to dump your shares, do you still think this company's growth strategy on track? What do you think the rock bottom P/E that the market assign to it? It is sitting at trailing PE of 9.838 after today's close. Keep in mind, this is not a high P/E stock.