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

To: MARK BARGER who wrote (2756)	11/15/1998 7:35:00 PM
From: tom pope	Read Replies (1) \| Respond to of 2841

I don't have a position at this time - sold my last foray at a 1/16 gain. Paid the commission, what the heck. But it seems to me that the market is pricing this thing as tho the next stop was Chapter XI. If bankruptcy is not in ECGOF's future, then it's probable that the stock is not overpriced at these levels. How's that for hype.

To: MARK BARGER who wrote (2756)	11/15/1998 8:24:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 2841

Mark, I hate to say your right (nothing personal, mind you), but I just pulled up the TA on the stock and money flow remains very impressive, despite the declining price of the shares. However, even though were sitting on a double bottom, ECGOF could trade in a fairly narrow channel for months to come. Especially since they have lost their major Amethyst contract. I wonder if someone out there is accumulating the shares in order to buttress the company and keep it from defaulting on the $120 million in bonds the company has to service. I would think that the bondholders have a strong vested interest in supporting this company. Hmmm... but I'm just so jaded I have a hard time risking money on this stock again.. but I guess that is just the time to buy. Watch the options... they should be an indicator of future moves. Big traders like to make money on them and cheap investment in the cheap options, followed by some buying in the common stock can reap some healthy gains for those with the capital. Regards, Ron