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Non-Tech : Cityscape Financial (CTYS)
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To: pcyhuang who wrote (2040)1/23/1998 8:09:00 AM
From: Brooks Jackson  Read Replies (1) of 2544
 
Paul: What would be the purpose of entering a buy-stop order at $1.30? Does it mean those potential buyers are betting that CTYS will take off, but only if it goes that high first? Seems senseless to me. If these folks think CTYS will go up, why give up a 30% profit before getting in?

I guess this is further evidence of the perverse psychology of stock buyers -- like buyers of Scotch Whiskey, the higher the price the more they want it.

I'll take your post as a positive sign.
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