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Non-Tech : Raptor's Den

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To: Dave Gore who wrote (2638)	8/9/2002 2:08:28 PM
From: Dave Gore	of 10157

Guys, I'd watch CCRN and ACF. I have highlighted them on my thread. CCRN gapped down from $23 for no apparent valid reason all the way to $12 intraday yesterday. A 50% retrace would be $17.50. I am not in love with it for anything other than a trade. There are always risks in this Market. Anyway, it has been relatively strong today. I would also keep an eye on ACF. Fitch said this morning they are comfortable with ACF and their AAA rating. The stock has tanked 78% from its high this year and $17 a couple days ago. It is now at $11.25 and need to base for awhile perhaps and panic out the rest of the nervous nellies, but it may be worth watching at least. PE is under 3 (historically it has been 10-20 over the last 5 years). Earnings the last 5 quarters have steadily climbed from .79 to 1.06 (just reported) up 35% YOY. There are delinquency concerns, but then there have been every quarter on this guy. Late last year, I heard the same thing, and it ran from $14 to $46 this spring. It is very manipulated. I played it from $9.50 to $12.40 yesterday and am mostly watching it now. I have a modest position, just in case it ramps up next week, on analysts issuing a "Buy on Valuation".

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