Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Wrig who wrote (1029)	4/10/1998 1:07:00 PM
From: Chuzzlewit	Respond to of 2005

Wrig, last night I went to a presentation given by a rather successful ML broker in this area who has developed a proprietary stock selection system for managed accounts at ML. Basically, the system is designed to pick the best of ML's brokerage recs. ESV was one of the fifteen stocks appearing in that list. Another was TDW. He commented briefly about the drillers, and said it si not a question of if they turn around, but when they turn around. He also said that people buying at these levels stand to make a great deal of money. He's been a buyer since the low forties. Regards, Paul

To: Wrig who wrote (1029)	4/10/1998 6:59:00 PM
From: Jack Be Quick	Read Replies (1) \| Respond to of 2005

Wrig, thanks for posting the analyst's recs. Fwiw, I've been involved in more than a few of these "someone must know something" situations. In one case that stands out painfully in my memory, someone actually did (but not me, ouch!). On the other hand, as you point out, ESV is widely followed, their market is widely followed, and the factors that affect their bottom line are fairly public. Also, ESV is not alone in this sector in being down going into what we all here expect to be strong earnings - just look at GLM. As to listening to the tape, on Wed. Lockheed-Martin (LMT) was down approx. $4/sh. On Thur. it closed unchanged. After the market closed it was announced that they had won the new $3 billion JASSM contract, beating out their only rival by a wide margin. So much for the smart money being in the know. Sometimes the smart money is simply being cautious (which is probably smart). My advice, buy stock in good companies that you believe in and good things will probably happen. Maybe.-g- Best, John