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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (166)	4/17/2003 10:38:17 AM
From: Paul Shread	Respond to of 4905

Hey, I agree they're going bankrupt at some point, but that chart tells me it may not be the place to be short in the near-term. Could just be a fakeout, but it's on mighty high volume. Exhaustion? Perhaps, but I covered my puts.

To: Jim Willie CB who wrote (166)	4/17/2003 10:50:33 AM
From: Perspective	Read Replies (3) \| Respond to of 4905

Recall that F's "profit" came mostly from their finance arm. From their press release: biz.yahoo.com Ford Motor Credit Company reported net income of $442 million in the first quarter of 2003, up $186 million from earnings of $256 million in the same period a year ago. The increase primarily reflected a lower provision for credit losses and the net favorable impact of receivables sales, offset partially by the unfavorable impact of a lower level of managed receivables. This profit compares to the ~$900M total for the whole company. Why in the world would you be taking gains from improving credit quality assumptions here? BC