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Gold/Mining/Energy : Cybersurf (CY.A) - Bridge between 20th & 21st Centuries
CY 23.820.0%Apr 16 5:00 PM EST
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To: Frank Moss who wrote (2030)7/6/1999 10:17:00 PM
From: CocoBob  Read Replies (2) of 3243
 
Frank

My personnal experiences have to agree you don't trust broker houses. They don't just survive on commission$$$. They'll respect and promote a stock one day and sell out and not respect it in the morning. Even if they take their customers. (read the early first 100 SI posts on CY from a few years ago)

Now as for the house buying today - small buying numbers. The last run up on CY the big houses bought @750K to @1.2 million shares at @ 1.20 sold @ 1/3 at @2.60 and held. What they still have after the 6 consecutive press releases that were released in May I don't know (here the CY price remained constant as further "pre-meditated Timing" profit taking was done again during the PRs)

Cy did do a PR tour to various houses @ a month ago but no immediate buying was done from such. IMO either another premeditated buy & - sell from the houses to come (big volume)(i.e the volume buying in April was well after the announcement of Calgary launch) or the houses are simply waiting for signs of progress for the Toronto deal.(i.e from 3rd party deal involvement buying thru the various houses with medium volume buy orders)
IMO the bigger the 3rd party company in negotiations w/ CY the tighter the secrecy within that corporation during negotiations - the big guys don't like fines for their reputations.This is usually a good sign - after all the Toronto deal and details should be released anytime.
Does everyone remember how the Toronto deal talks with Americans was stopped at the 11th hour because CY was approached by a 3rd party cable company to become involved in the deal in which case Cy was quoted as saying they would welcome such ( the newspaper articles of FP, NP and G&M)
In summary - why are the Americans interested in financing a Cdn city launch (TO) -IMO they want secure involvement to be the first to finance the US distribution deal. I also don't believe the average US joe public investor has been notified of CY yet. All these things are positive things.
Enough said.
LONG ON CY
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