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


To: Robert T. Quasius who wrote (1354)6/28/1998 4:25:00 AM
From: Roadkill  Read Replies (2) | Respond to of 2005
 
I couple more downgrades, and it'll be time to buy some more. Just waiting for the volume to subside. I'm a little concerned that the true bottom may not appear until the end of the year sometime, after this "summer tech rally" -- which is in its early stages -- is complete and the next correction has set in. Even then, I don't think we'll go much below a PE of 7, or about $13-$15/share. In any event, if volume dries up and we find a bottom, I'll buy now.