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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (10773)	8/7/2002 10:29:33 AM
From: Dave Gore	Respond to of 16631

ACF EARNINGS ---- up about 35% YOY; guidance good. Forward PE=3; Ricidulous tank job and it's now coming back a bit. "AmeriCredit (ACF: news, chart, profile) lost more than 15 percent after the company reported fiscal fourth-quarter earnings that topped expectations and provided future outlook that was inline with forecasts. Net income for the quarter ending June was $96.5 million, or $1.06 a share, up from $71.7 million, or 81 cents a share in the same period a year earlier. Analysts surveyed by Thomson Financial/First Call had been forecasting earnings of $1.05, on average. Auto loan purchases rose 25 percent to $2.43 billion. The auto finance company is expecting earnings of $1.06 to $1.09 for its fiscal first quarter and $4.45 to $4.65 for fiscal 2003, versus analyst expectations of $1.07 and $4.61, respectively."

To: Dave Gore who wrote (10773)	8/7/2002 10:32:57 AM
From: Prophet	Read Replies (1) \| Respond to of 16631

oN acf, THE STOCK HAS BEEN SO HEAVILY SHORTED, PROBABLY BY BIG GUYS, THAT THEY NEED TO KEEP THE PRICE DOWN TO COVER. eVERYONE EXPECTED ACF TO REPORT BAD NUMBERS, BUT INSTEAD THEY REPORTED FABULOUS NUMBERS. WITH THAT SAID, i WOULD BE VREY CAREFUL OVER THE NEXT FEW DAYS, AS THIS RALLY HAS THE SIGNS OF A FALSE START AND ACF COULD SEE MORE DOWN TURN. dON'T FORGET ALL THE ECONOMIC DATA COMING OUT TOMORROW AND FRIDAY. IN ALL LIKELYHOOD, THOSE NUMBERS WON'T BE EXPECTACULAR. NEVERTHELESS, I WOULD AGREE WITH THE BOARD THAT THE STOCK IS PROBABLY AT A GOOD ENTRY POINT.