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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 (2102)	3/8/1998 4:49:00 PM
From: Michael Anthony	Respond to of 2841

Dave, so now you're speculating on an Eco buyout? IMO, the rise was short covering. The shorts will let it rise to ~10 3/4 to 11 IMO before they pounce again. If I was going to short Eco, it wouldn't be Monday morning. There is obviously buying pressure from new longs and short covering (~650K short as of Feb) and the shorts won't be back until it bounces some more. It should say around 10 until DBCO closes in June. Barring unforseen coverage that is.

To: david james who wrote (2102)	3/8/1998 5:01:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 2841

david, You are right that oil services is starting to develop a feeding frenzy. Eco seems advantageously positioned both by having its fingers in a lot of oil-related construction and services and by having a low stock price. It is possible that Eco will continue to deal off parcels of its business to become more concentrated and less diffuse. And it is also possible that another company might make them an offer with the idea of keeping some parts and selling others. As others have pointed out, apart from the yardstick of $1.20 estimates to measure things by, Eco's performance looks very good. Given the low stock price, I think it looks great. Friday's action suggests some money was looking at it as a bargain to be accumulated. After all the dissatisfied small investors get shaken out, I think we may see some surprising strength. The parade of company news should help this along. Baird