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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (1798)	6/27/1999 12:27:00 PM
From: Gottfried	Respond to of 2005

Ram, your caps lock is stuck, G. [end]

To: Ram Seetharaman who wrote (1798)	7/1/1999 4:46:00 PM
From: Michael W. Brom	Read Replies (1) \| Respond to of 2005

ram, first of all, you may want to check the cap locks key on your keyboard. i think it IS stuck :) anyway, ESV's upside is very limited at this point. it's doubled in the past three months. the downside potential is much greater than upside at this point. money seems to be flowing back to the tech stocks and out of cyclicals. of course, if you are a LT shareholder then you can ride out the waves, however, if you are a trader your money would be better off somewhere else. the stock's faced strong resistance near $20 and some of the executives have filed form 144 to sell shares. that's not a good sign in my opinion. they may say they are "diversifying" but why would they want to unless they don't feel ESV will continue it's run in the short term. just something to think about. to be totally honest, my uncle thinks WG will be at $15 within the year. that's another double. do you actually think ESV will double to $40 in the same time frame? i doubt it. of course, you need to do your own DD. i'm not recommending anything, in particular, just passing on investment information my uncle's given me. as for me i am currently invested in EMC, a high end data storage company. it's PE is above 60, but the growth rate is in the upper 30s, the company is #1 in market share in its industry, the company plans on having $10B in revenues by 2001, and the stock has appreciated over 800% in the past three years. that's where i am LT. it's technology is nearly three years ahead of IBM, which is 11% behind in market share and currently in 2nd place behind EMC. that's where i'm at. hope this helps! michael