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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Czechsinthemail who wrote (17895)4/3/1998 11:41:00 AM
From: Thean  Read Replies (4) of 95453
 
Baird and ESV followers - Today action on ESV makes me nervous. Huge volume and plenty of weakness and despite analyst coverage it does poorer than its peers. I have seen this sort of action in the past of sign of telling us a major news is pending. A bet is ESV is going to acquire someone and is probably going to pay "too much". Everything else being equal, I would avoid ESV for an immediate buyin and look at other drillers for now.
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