[Distutils] easy_install from source?

[skip at pobox.com]

I installed the 0.39 version of python-sybase using easy_install -m.  That
worked fine, but that version is extremely old.  Is there a way to use
easy_install with the a checkout from the project's version control system?
I see this in the help output:

  --local-snapshots-ok (-l)      allow building eggs from local checkouts

but how do I specify the location of the local checkout?

Thanks,

-- 
Skip Montanaro - skip at pobox.com - http://www.smontanaro.net/