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


To: Chuzzlewit who wrote (1003)4/6/1998 4:24:00 PM
From: Czechsinthemail  Respond to of 2005
 
Paul,

I agree. ESV is being priced below companies whose earnings are falling even though it will be showing a very high rate of growth this year and probably for many more to come. I think the stock is setting up for an enormous rally that should carry it much higher.

For better or for worse, I think we're seeing a lot of trading that is trend-based with people trying to project trends in stock prices, oil prices, etc and others trying to find some predictive value in them. It is what creates oversold conditions and the opportunities they provide. Though it is nice to have the stock you own move up, it is also nice to be able to accumulate more at bargain basement prices.

good luck,
Baird