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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Michael Young who wrote (727)4/4/2002 8:05:41 AM
From: Joe Stocks   of 787
 
Mike, COF should start giving you some relief I would think. The poster child for this group, PVN, is starting to look a little "fat".

I just noticed that on my ACF that someone is recommending it today. Last week Zack's featured Bernie Schaeffer recommending buying puts. Here's what Bernie said. I think the same thing can be said for the group.
"AMERICREDIT (NYSE: ACF - news) This auto loan company recently shot higher after an analyst upgraded the stock on strong February data. The stock's 100-percent rally since February 21 begs the question: does it make sense that sub-prime consumer lending is now twice as attractive as it was a month ago? This rally has had trouble taking the shares above the key 40 level. Its current reading of 0.87 is more positive than 88 percent of those taken in the past year. Buy the August 45 put (ACFTI)."

Here's the story for his other recs.http://biz.yahoo.com/prnews/020401/cgm014_1.html

Here's today's Zacks rec for ACF.
"Here is a synopsis of why these stocks were added to the Zacks #1 Ranked List:

AmeriCredit Corp. (NYSE: ACF - news): AmeriCredit's credit quality is enviable and improving and analysts are forecasting that its loan origination will continue to grow at an impressive pace. After meeting or beating Street estimates for 27 straight quarters, the company is receiving huge increases to its annual earnings estimates from the experts who follow it."

biz.yahoo.com

Chart on ACF;
stockcharts.com[l,a]daclyyay[db][pc20!c50][vc60][iLb14!La12,26,9]&pref=G
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