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Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?


To: Rational who wrote (1188)10/21/1997 2:41:00 PM
From: blankmind  Read Replies (2) | Respond to of 2544
 
I'm either wearing rose-colored glasses or am totally naiive, but...

-- Preferred holders and/or money managers are all shorting the daylights out of CTYS, correct?

-- Won't these same folks have to cover?

-- Won't everyone see the covering go on & prevent it?

-- Can we see $30 again; or at least $10, in the next week or so?

Out.



To: Rational who wrote (1188)10/21/1997 5:31:00 PM
From: Terry Maynard  Read Replies (1) | Respond to of 2544
 
After this news about the resignation of the head of lending in the UK, maybe the people at HQ had no idea what was happening - things are worse than they knew or even suspected because they were duped by this individual(s). Couple that with the bottomless debentures; traders are having a field day at our expense.

Terry