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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (3718)	10/7/1998 7:58:00 PM
From: Gary105	Read Replies (1) \| Respond to of 18998

agree with overvaluation of PVN. AXP, the premier financial services company is selling for 3.5 x book. Large money center banks are selling for 1.5 - 1. 8X book and on way to close to 1x book, which they sold for during last international monetary crisis So 2x book is reasonable assessment. Not much support between current levels and 40, then support at 40; when 40 is violated, quick fall to 25. All imo, Gary

To: Mr. Pink who wrote (3718)	10/7/1998 9:16:00 PM
From: Kip518	Read Replies (1) \| Respond to of 18998

thestreet.com sorry to violate TSC copyright. This is just too good. Thanks, Herb (everyone should subscribe to TSC if only to get Herb's columns!) Herb on TheStreet: Special FirstPlus Financial: The Plot Thickens By Herb Greenberg Senior Columnist 10/7/98 8:09 PM ET As FirstPlus Financial continues to unwind (seen its stock lately?): A partnership with the same name as one controlled by FirstPlus (FP:NYSE) CEO Daniel Phillips quietly filed for bankruptcy last Friday in Texas. The emergency filing was made under the name of Knox County Partnership, doing business as Phillips Partners Ltd. Phillips Partners owns a 12.3% stake in FirstPlus, according to the company's proxy. An official with the U.S. bankruptcy court in Fort Worth said the filing was made on an "emergency" basis to avoid an unspecified foreclosure. The case was then quickly transferred to Dallas, where FirstPlus is headquartered. Officials of FirstPlus, which itself has been a rumored bankruptcy candidate, were unavailable for comment throughout the afternoon A spokeswoman said the firm was trying to offer the appropriate response. If FirstPlus eventually does file for bankruptcy, it would be just the latest in the subprime lending industry to do so. This morning, Cityscape filed for Chapter 11 reorganization, one week after Southern Pacific Funding took the same action. And this tip: Phillips, who last year took home a salary of $490,000 with a bonus of $3.4 million, has been involved with a prior bankruptcy. According to the company's proxy, he was president and CEO of LinCo Financial, a factoring firm that filed for bankruptcy in 1993. FirstPlus' stock today fell 1 5/8 to close at 2 13/16. Two weeks ago, it was at 23.

To: Mr. Pink who wrote (3718)	10/7/1998 9:55:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 18998

Stocks over the last 5 weeks (ending 10/06/98) The following list shows the most oversold stocks. Oversold is measured using four popular technical indicators--the Relative Strength Index, the Stochastic Oscillator, the Commodity Channel Index, and Momentum. Stocks that are oversold have a high probability of correcting to the upside. However, the corrections are typically short-term. Questions, comments, or problems concerning this site? E-Mail: equisweb@equis.com © 1996 Equis International, A REUTERS Company 3950 S. 700 E. ste. 100 Salt Lake City, UT, USA. 1-800-882-3040 or 1-801-265-8886 All rights reserved. equis.com