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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: james h. snyder who wrote (3398)10/17/1997 9:14:00 PM
From: lisa   of 120523
 
Hi all,
Ctys, dropped 40% to 6.00, has stabilized in the past few days, has 4.5 million short shares, 11 million shares in the float, looks like possible options play, this company owns a hell of a lot of paper.

Looks like short covering has not began, short term problems are most likely on the horizon, the sell off is already overdone.

Blood is in the streets, book value is 6.00, from what i can tell from talking to a friend in Atlanta Ga. who does buisness with them their books are not cooked.

There is some talk about dilution, law problems in the uk, competition from Freddie Mac and minor delinquency stemming from one of the weaker loan programs, which has since been discontinued.
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