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Non-Tech : MFN Mercury Finance -- Ignore unavailable to you. Want to Upgrade?

To: Phil who wrote (977)	2/8/1998 4:34:00 PM
From: Larry J.	Read Replies (1) \| Respond to of 1239

Phil and thread, I've been lurking for months, hold a decent position in MFN and like yourselves am waiting for some NEWS that gets this thing to a couple of bucks (at least). Definitely not interested in MFN as a core holding! It's my only deviation from technology (ASND, CS, CPQ, LSI, etc.). I sure thought the activity and subsequent run to 7/8 was a precursor to an announcement. The volume has been good. MFN is definitely under accumulation. Insider purchase, (despite its small size) is positive. Even if a buyout is'nt imminent, it does appear that the fundamentals may be improving as demand for auto loans is up sharply! I'm sure the sub-prime sector is getting their share. "Auto credit shot up by $5.5 billion in December at a 16.3 percent annual rate -- the strongest growth in auto loans since a 19.1 percent surge in October 1986." By contrast, in November auto credit had contracted by $1.3 billion at a 3.8 percent annual rate. biz.yahoo.com Larry