Figure out Ensco (ESV)

Okay, I have not done much on this board, and in this month I have given away much of my profits that I spent a lot of time trying to accumulate.

Anyway, I am holding a lot of ESV. This is based on a recommendation by a friend who does a lot of work and research. The stock is a very cheap stock with great management and growth and trades at a PE of 7. It is a Oil Drilling company specializing in shallow water drilling. I dont understand much about this, but the stock has been stuck at 53 for some time now after being in a downward trend (during the time which I bought in - funny how that seems to happen).

Anway, the yahoo message boards for this stock are filled with people who seem to know what they are doing, and the biggest explanation for the drop here is that the big money managers are selling these companies to generate cash to pay for the subprime mess. If there is truth to this then I should see a lot of institutional selling.

I plan on looking through the sec 13-f filings and see if I can see what the general trend has been for the last period (7/07-9/07). If this is true, then there should be a lot of selling by these large institutions. At the same time, I should be able to see what they are also buying. If there is a correlation, then this should be very interesting and I will try it on a couple of other stocks. If not, then Ill ask the guru's on the message board and document my findings.

Hopefully I wont wait another few months before I post again.