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


To: michael meyers who wrote (2648)7/8/1998 12:21:00 AM
From: Serge Collins  Read Replies (2) | Respond to of 2841
 
All this talk of leaks and people in the know having advanced warning is ridiculous as is the talk of lawsuits. The reason the stock started tanking a few days before the earnings release was the company's S-4 filing on July 2. That set off alarm bells on the Street and some saw the writing on the wall.

The ensuing sell-off went a little too far and the company represents fair value and could become excellent value pending a turnaround in their operations which I believe to be quite good over the next six months.



To: michael meyers who wrote (2648)7/8/1998 8:28:00 AM
From: Hawkmoon  Respond to of 2841
 
Yep... The wife and I were doing an after-action review last night about how we violated our "minus 10% and get out rule". We were in at around $7 to 7.50 and should have sold our position at $6 1/4.

Return OF capital is far more important than Return ON capital.

Lessons learned (and relearned... :0|

Regards,

Ron