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


To: Czechsinthemail who wrote (959)3/30/1998 5:23:00 PM
From: The Ox  Respond to of 2005
 
Interesting post.

Here is one other point I would like to make. This clip was taken from a post on the Strictly Drilling thread:

>>> ...pointing out that in the case of last Monday's runup this "bullish percent" was 4% (i.e., only 4% of analysts were bullish on oil).<<<

If it is true that only 4% of analysts were bullish before the recently announced production cutbacks, it would seem this is a great contrary indicator.

One of best ways of making serious money on Wall Street is to buy quality companies when no one else wants them.

Michael



To: Czechsinthemail who wrote (959)3/30/1998 7:42:00 PM
From: Chuzzlewit  Respond to of 2005
 
Baird, I think I'm getting a tad frustrated with the group. Everything about them is great but the market seems to ignore this. With the notable exception of PAIR, this is the one group of investments (including GLM) that hasn't performed for me over the past twelve months. I should just listen to my own advice and ignore the market for awhile and just watch the fundamentals.

Regards, and thanks for all of your very thoughtful comments.

Paul