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Gold/Mining/Energy : Ensco International Inc. (ESV)
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To: Fredman who wrote (1587)12/9/1998 9:07:00 AM
From: Michael W. Brom  Read Replies (1) of 2005
 
Fred,

That's my philosophy. I'm about 70% cash right now. I should have added to my ESV position in the $8s, but I will likely be adding to ESV in the coming days even if it doesn't reach the $8s again.

My uncle is in the oil industry and really likes ESV. He continues adding to his position as the stock goes lower. He thinks it will be an easy double over the next 18-24 months. I don't question his investment strategies either. He's made a TON over money over the years.

Michael
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