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Non-Tech : Cityscape Financial (CTYS)
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To: Rational who wrote (1364)10/24/1997 11:19:00 AM
From: Zeev Hed  Read Replies (1) of 2544
 
Sankar: I think the lesson to be learned is that we little guys will never know what is really going on before the big guys know and thus we little guys must read what they do from the behavior of the stock. This is where TA comes in. It does tell us to some extent where money is moving. Of course in this case, once the floorless ere discovered and the downward pressure was put in motion, it was quite easy to see that the demise of this stock (last Friday) was close. I must admit that the TA did not indicate such a rapid decline, but it definitely pointed to a rapidly deteriorating situation. I do not think that the end of this decline is heree yet.

Zeev
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