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

To: Charles Holewinski who wrote (1489)	9/18/1998 1:05:00 AM
From: Gottfried	Respond to of 2005

Charlie, thank you for a well-considered post! I agree with everything in it. The 10% rule would have helped a lot, even though it would have occasionally backfired. You said >The drillers obviously will not move up in any meaningful manner until the price of crude starts to move up.< Agreed - but it has only recently become obvious to me. Even most of the far more experienced oil service investors on the drillers' thread were surprised by the steep drop in stock prices. Fundamentals have deteriorated, but not enough to justify ESV going from about 47 to 10. And saying that Ensco has great management etc doesn't assure me because that great management didn't and couldn't prevent the drop. The price of crude is the driver, great management I take for granted and I'm sure Ensco has it. Here's another recent reiteration of expected growth rate: ESV: ROBINSON HUMPHR has reiterated estimate for long term EPS growth of 30.00% per year on 08/26/98 We had one of those estimates just the other day, I think it was for 27% growth. I take these with a grain of salt, because they depend on the price of crude and nobody knows when that will rise. Gottfried No need to call me Mr, but it does show good breeding.<G>

To: Charles Holewinski who wrote (1489)	9/18/1998 6:04:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 2005

Charles, let me link to a post that lists the factors expected to lead to higher day rates and stock prices. exchange2000.com GM

To: Charles Holewinski who wrote (1489)	9/21/1998 8:59:00 AM
From: chum slury	Read Replies (1) \| Respond to of 2005

I have basically done the same thing but don't use a broker in my tradings. I watch the 50 edma using the Schwab website(that part is free) Just click on Quotes and go in. If a person looks at a stock that they own and follow the line selling when it is below and buying when it is above the will still catch most of the profit and miss most of the downswing. I was just stopped out of ESV at 13 1/2 Friday and don't plan on entering until it starts to break on the upswing again. With Ameritrade the trade at market price is $8.00 for the first market order and $13.00 for the stop loss. The total in and out would be $21.00. I do feel that we may see some pressure on the stock with a larger than usual amount of tax loss selling at the end of the year with this stock. Another thing that I do is I buy a stock in my regular account and if I get stopped out I take the tax loss. If I want to buy the stock back before the 30 days are up for taking a tax loss the I repurchace is back with an account that I have some IRA money in. That way a person can still repurchace the stock the second time around before the 30 days and still take the tax loss writeoff. Example if you are down on Esv and don't want to sell for fear of it upswinging then sell and buy the same day. The only costs you would have is the transaction fee and the difference between bid and ask.