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Non-Tech : First Union Bank -- Ignore unavailable to you. Want to Upgrade?

To: Lynn who wrote (297)	7/20/2000 9:26:34 AM
From: MARK BARGER	Read Replies (1) \| Respond to of 323

Hi Lynn, no big mystery why I'm in FTU now. I am and have been way overweighted in tech for the last year or so. So, this FTU is a little diversification for me. FTU has made some huge mistakes the last couple of years. Ed Crutchfield did a nice job for FTU over the years. I think his expansion plans were a little grandiose and FTU paid the price. The MoneyTree deal was major fiasco. My friend commented on the horrible loan portfolio in the Moneytree package. He says that they cleaned out everything this last quarter. FTU has not given proper guidance to financial analysts for like the last 4 qtr. and has paid a heavy price. I don't think FTU is a $26 for very long. I'm investing based on my assumption that nearly all the bad news is already out and is reflected in the stock price. FTU can't be much more out of favor than it is now. The goal is to buy low and to sell high. The hardest part is to buy a stock nobody else wants, very different than most of the tech holdings in my portfolio. But, I think FTU could be in the 40's by early 2001. Thanks for your comments! MB