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

To: Zeev Hed who wrote (1560)	11/11/1997 7:27:00 AM
From: Shane Stump	Respond to of 2544

Yes it does... I am just wondering why earnings haven't been released yet! They have 3 more days legally if I am not mistaken before raising a RED flag)! I still recommend NOT touching this puppy until AFTER earnings. There are too many other stocks out there to make money on (I have made back 3x my losses on CTYS in the last two weeks on Borland)! Shane

To: Zeev Hed who wrote (1560)	11/11/1997 8:02:00 PM
From: Rational	Read Replies (1) \| Respond to of 2544

Zeev: Even if CTYS issues all 100 mil shares and incurs loan losses of $100 mil, its book value should be ($300-$200) mil/100 mil = $2 per share. But, its current price of $1.5 indicates deeper problems than we can make out of these numbers. What do you think? The tick-size and volume show me that as soon as small investors become confident that the price has stabilized at any given level, there appear large sell-orders as it did yesterday (692,900 block). This can happen only if bigger players are sure that CTYS will be bankrupt and so they must get whatever they can in tranches, making sure that the price does not collapse to 0 on a single day. Sankar