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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 (2504)6/2/1998 8:12:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 2841
 
I concur David.

One of the reasons that I invested in ECGOF is that I've been a long-time follower of the company (First heard one of their presentations in May,1996 at an analysts meeting in NYC), but never bother to invest due to other stock distractions.

However, when I saw the severely depressed price of the stock, the $120 million bond offering, and the $65 million pipeline deal, I had to believe their was more upside than downside here.

I'm looking for a short-term retracement to $9-10, once we bust past $8 resistance. Of course, not having that short interest scrambling to cover may affect the speed of that retracement. But I have little doubt it is coming soon.

Regards,

Ron