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Gold/Mining/Energy : Ensco International Inc. (ESV)

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To: David Lawrence who wrote (979)4/3/1998 2:08:00 AM
From: Wrig  Read Replies (1) of 2005
 
Just curious, what indicated that institutions might be buying? I didn't watch the trading so I don't know what transpired.

I bought April 30 calls today for 5/8. ESV announces earnings on Thurs Apr.16, and options expire on Fri Apr.17. Think the over-100%-increase in earnings will cause the stock to gap up on Friday, or is it one of those times that the news is already built into the price?

The price seems so low right now, but I'm actually following quite a few stocks that seem "ridiculously low". I think the big boys must know something I don't.

Good luck everyone.
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