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

To: Zeev Hed who wrote (1455)	10/28/1997 9:42:00 PM
From: Rational	Read Replies (2) \| Respond to of 2544

Zeev, I was not sure about conspiracy. But, you can judge the following facts: * The repeat of the class action suit seeking a lead plaintiff emerges. * Small investors panic and sell until the price drops to 1.5 around 3.15 p.m. * My Datek account sill shows a price of 2 9/16 while the price on Quote.com has dropped to 1.5. * The volume on Datek remains much smaller than that on Quote.com. * The bid-ask on Datek remain much higher than elsewhere. * This seems obvious that some market makers participated in the bottom-fishing while the others were precluded from placing buy orders at the lower prices. The dilution will be a moot point if CTYS is buying enough shares at these prices. They can get rid of $75 mil with a fraction of the cost. Again, I cannot be too optimistic about the stock, but I cannot believe what is happening in the market place -- the price bouncing off the 1.5 level to 2.75 in after-hour trading!! Sankar