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Non-Tech : Cityscape Financial (CTYS)
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To: Ploni who wrote (1313)10/22/1997 6:57:00 PM
From: Ploni  Read Replies (2) of 2544
 
Franklin Funds declined to comment on whether they have sold their position in CTYS.

Does anyone have an interpretation of this? I can think of a few:

a) They are in the middle of liquidating their position, and are afraid that the news could drive the price down even more.

b) If they admit they're still holding, people will think they are idiots, like me and the other loooongs.

c) If they admit that they sold for a huge loss, people will still think they are idiots.

d) They've been buying, and don't want to announce it yet, because they want to keep buying at a low price.
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