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

To: Michael Anthony who wrote (2261)3/25/1998 5:33:00 PM
From: david james  Respond to of 2841
 
Well, sounds like he took money out of his account when the stock was at 13 or 14, not thinking the stock would return to these levels

I believe that IR said that the money remains in his brokers account. No way to prove this one way or the other of course. This is simply the company line.

Last time he got a margin call, he sold and then bought back later when the stock moved up. Not a great trading strategy. But it would be nice to see him buy some of it back.

David



To: Michael Anthony who wrote (2261)3/25/1998 5:37:00 PM
From: Raymond James Norris  Read Replies (1) | Respond to of 2841
 
Pardon me if I have a problem with IR's comments!! Speculate all you like on why he sold, but a margin call is a bogus excuse. Sometimes the obvious is unavoidable.

Oh you're totally right. It's not as if the stock has fallen any this past month to trigger margin calls.

Conservatively Yours,
Raymond J. Norris


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