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   Non-TechAssociates First Capital - AFS


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To: reg who wrote (25)3/27/1998 10:38:00 PM
From: Immi
   of 44
 
all: the short intrest on afs has tripled. F (ford) is in the sp 500,
and the shorts claim that the index funds will dump afs, since afs is
not in the sp 500. There will be downward pressure for sure.
I just read this. can someone confirm the short intrest?. I got in
at 70, and will average down if I have to. But expect extreme volatility. Immi

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To: Immi who wrote (28)3/27/1998 10:46:00 PM
From: cowboyfan
   of 44
 
Got in at 70 and will average down?? Stock is at 76...

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To: Immi who wrote (28)3/28/1998 5:47:00 AM
From: reg
   of 44
 
Will AFS be added due to it's size post Ford?

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To: cowboyfan who wrote (29)3/28/1998 9:41:00 AM
From: Immi
   of 44
 
i got in about 2 months ago.immi

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To: reg who wrote (30)3/28/1998 9:43:00 AM
From: Immi
   of 44
 
article on www.street.com about shorting associates. regards,immi

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To: Immi who wrote (32)3/28/1998 11:12:00 AM
From: reg
   of 44
 
Shorting is probably being done by people to lock in current price when Ford spins off AFS. That way a price drop will not affect them.

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To: cowboyfan who wrote (27)3/28/1998 2:12:00 PM
From: james bisczat
   of 44
 
Spin-off will add $22 billion to the existing AFS float of $6-7 billion. With F sometimes considered a value driven stock and AFS earnings driven, there is that slim chance the F(value) investor will sell AFS after distribution, causing short-term downward pressure. If this happens, it will represent an enormous buying opportunity. So cowboyfan, my opinion is to keep your eyes pealed for possible short-term bargains- as they are few and far between with this issue.

It will probably take a few weeks for things to sort themselves out. Once the dust settles, all I can see is continued smooth sailing for an autonomous AFS.

JB

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To: james bisczat who wrote (34)3/28/1998 6:29:00 PM
From: cowboyfan
   of 44
 
Yes, we should see some volatility in a few weeks. I bought more last friday at 76 3/4 - still an excellent long term hold plus earnings coming out in a couple of weeks.

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To: cowboyfan who wrote ()3/31/1998 6:11:00 PM
From: Immi
   of 44
 
all: afs is to be added to the sp 500. last chance to get in. Immi

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To: cowboyfan who wrote (35)4/2/1998 11:56:00 PM
From: Immi
   of 44
 
O.K. we are going to be added to the s/p 500 and we take a dip?. Immi

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