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

To: Bwe who wrote (726)	2/2/1998 1:45:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 2005

Bruce, Large insider buys is very encouraging. Also take a look at the premiums for say the March 27.5 call option. What strikes me immediately is that after a strong down day on friday, you can still sell that option for 2 3/8ths points. That's an .0876% return for holding ESV for only seven weeks- a very large option premium. Now I do not intend to sell that option, but the premium suggest to me that the market makers are betting hard dollars that this stock will break out of its downtrend and head northward.... Sincerely, Doug F.