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Non-Tech : Cityscape Financial (CTYS)
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To: kimberley who wrote (1201)10/21/1997 3:02:00 PM
From: Zeev Hed  Read Replies (2) of 2544
 
Kim, a violent rally is possible, but if the short have used this 11 MM shares decline to cover some of their position, the fuel is a;ready spent. Furthermore, I know not how much of the short position is well hedged with the floorless preferred issue, so just half of the float is no big deal. Ask your broker if they will short it for you. If the answer is no, it could be that no more shares are out there for lending, then a small short squeeze could be in the offing.

Zeev
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