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

To: F. Lynn who wrote (3912)	10/9/1998 7:43:00 PM
From: Y2k_fan	Read Replies (1) \| Respond to of 18998

I covered my NDE short yesterday and ACF/PVN/NDE/LBFC today for a fine profit in three days. Don't want to get greedy before the dust clear. I am thinking about buying BT/BAC/AXP/CCI now. They have been beaten badly enough.

To: F. Lynn who wrote (3912)	10/10/1998 7:41:00 AM
From: Mr. Pink	Read Replies (1) \| Respond to of 18998

good comments and concerns... All those stocks still grossly overvalued...and over-shorted....Mr. Pink not concerned about huge further run up as fundamental values will put a cap on runs....As Mr. Pink alluded to a few days ago, it is o.k. to take profits in market melt downs tho... Mr. Pink

To: F. Lynn who wrote (3912)	10/10/1998 3:48:00 PM
From: Kip518	Respond to of 18998

Any thoughts on the financial sector? PVN NDE and ACF up huge today Some boost in PVN could have come from this 10/9 WSJ story: Healthy earnings also graced Providian Financial Corp. (PVN), analysts said. The company's portfolio should expand by roughly 30%, analyst Jennifer Scutti of Prudential Securities Inc. said in an earnings preview report. Improving credit quality on core receivables should drive growth in risk-adjusted revenue, as net losses potentially stabilize. Reserve levels remain "sky high," said Keefe's Berry, but he doesn't expect them to break past its levels in June when they stood at 7.6%. Wall Street is estimating that Providian will earn 78 cents a share for the third-quarter, compared with 65 cents in the last quarter and 51 cents in the year-ago third-quarter. Both Capital One and Providian are believed to have experienced accelerated third-quarter revenue growth from their push into fee-based products, such as credit cards that charge annual fees. "Earnings will be driven to a great extent by new account growth as opposed to receivables growth, and this reflects their emphasis on building new account relationships with customers who pay fees," said Goldman's Hottensen. But last week the world changed. Increased portfolios, expansion of credit card base through aggressive promotion, and loss stabilization don't seem to be words that go together anymore. PVN has got to be in trouble.