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Non-Tech : Credit Acceptance (CACC) -- Ignore unavailable to you. Want to Upgrade?

To: specsit who wrote (57)	12/15/1997 11:32:00 PM
From: taxikid	Read Replies (1) \| Respond to of 103

actually i beat ole warren by 400% at the beginning of the year.. but alas the legs got tired.. i was very fortunate at the beginning of this year.. it is entirely different for you or i to invest and get outrageous returns.. BTW ole buff wouldn't be buying here unless he KNEW that the reserves are overstated and the charges were DEFinitely overstated as they were w WFC in the 80s real estate charge offs.. i am a value investor and i like cacc long.. but i am risk advers and see other oppty in this market as i don't know what your comm structure is a gather that you either have a dinky position{and pay minimal online fees} or you are buying large and listening to a broker..and paying him commissions... a 5k share block.. cost me .oo2 p/share to trade if my RPS is 75 cents-bought $5 sell 5.75+15% and r/t cost .004 p/sh then the $20 comm-subtracted from the $3750 gain= leaves me with $3730 to get the % i am going to make believe i had 10k{i don't like calculators- $7460 return vs 50 k investment+ approx 14.92%return for a week. am i right? you check.. taxi