Cityscape Financial (CTYS) Message Board

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 : Cityscape Financial (CTYS)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mason Barge who wrote (886)	10/13/1997 5:57:00 PM
From: Robert T. Quasius	of 2544

Some of the short selling could be from convertible holders. Short selling is a way of locking in a capital gain without the short selling risk exposure, yet still collecting preferred dividends. It's also possible for such a short seller to cover the short at a low stock price and repeat the process over again. My single largest holding is APM, which has the largest short interest of any NYSE stock (nearly 50% with no shares available for borrowing). A lot of people have been waiting a long time for a short squeeze to happen, but it still hasn't happened. I wish that a short squeeze would happen with either of these stocks, but IMHO this is wishful thinking. Just my two cents.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next