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

To: Paul Capozzoli who wrote (1470)	10/29/1997 11:35:00 AM
From: Rational	Read Replies (1) \| Respond to of 2544

Investors seem to be buying from the MMs at, say $2, thinking that this is quite cheap. Then, they are worried and try to minimize their loss by selling the shares back to the MMs at 1 3/4. Good inventory recycling for the MMs and a hety profit. MMs seem to be willing to buy at offer less 1/32 until investors have taken sufficient loss and are willing to hang on to the shares at, say $1. Good money for MMs. Bad loss for nervous investors. Good luck for those who are waiting to buy say at sub $1! Sankar PS: I think BS is one of the MMs and so they have no reason to not enjoy. This is because if the fundamentals are good, their cost of accumulation will be small while the trading commission mounts. Since 66% of the shares are restricted, I suppose they cannot be simply selling their stock. If they are simply selling (not enjoying the trades), we have something bad for CTYS.