Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TA2K who wrote (1029)	3/1/1998 6:35:00 PM
From: Mighty_Mezz	Read Replies (1) \| Respond to of 1239

LAKE FOREST, Ill., Feb 28 (Reuters) - Mercury Finance Co said it is to record a charge of $1.6 million against fourth quarter 1997 earnings linked to compensatory payment to BankBoston Corp (BKB - news) and a charge of $4.0 million to cover the cost of closing 70 branches. biz.yahoo.com

To: TA2K who wrote (1029)	3/1/1998 9:49:00 PM
From: DanZ	Read Replies (2) \| Respond to of 1239

Nicholas, The money flow in MFN for the last 18 trading days is listed below. 2/3 -159,400 2/4 -3,100 2/5 -15,900 2/6 -107,200 2/9 -5,700 2/10 -36,900 2/11 +27,500 2/12 -12,000 2/13 -13,200 2/17 -31,800 2/18 -9,600 2/19 -48,100 2/20 +42,600 2/23 -479,800 2/24 -541,800 2/25 -610,700 2/26 -272,600 2/27 -559,500 Notice the magnitude of the negative money flow the past five trading days. These numbers are much bigger than usual and it is particularly bearish given that the stock is trading at a 52 week low. MFN does have support at 1/2 and the bid size at 1/2 has been large for quite a while now. But I still don't think that diminishes the significance of the distribution that is occurring. I have to say one more thing. I'm not holding MFN and I wouldn't buy it unless the money flow improves. I posted my comments about the money flow on the MFN thread at AOL and some guy ridiculed me for negative hyping the stock to push the price down so I could buy it cheaper. Anybody who knows me will vouch that I don't tolerate hype from others and I certainly wouldn't do it myself. I'm simply sharing my opinion on this stock as I do on many threads around SI and AOL. Best of luck if you are long MFN but I don't see anything bullish about it. Dan