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

To: Douglas V. Fant who wrote (781)	2/26/1998 12:23:00 AM
From: Gottfried	Read Replies (2) \| Respond to of 2005

Doug, appreciate the information. Who pays for relocating the rig? Also, I notice that the oil service bullish percent (a measure of the percentage of stocks in the group having BUY signals) has dropped a little and is now just over 30%. Point-and-Figure (PnF) chartists use this as a contrary indicator, i.e. when the "bullish %" is low, the group is considered oversold. We knew that. <g> It also means there is considerable upside potential. We knew that, too. I'm a novice at PnF. By the same token, PnF chartists become alert to the possible need to sell when more than 70% of stocks in the group have buy signals. We're a long way from that. GM