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


To: Wallace Rivers who wrote (1706)11/30/1997 12:52:00 PM
From: Bruce A. Thompson  Respond to of 2544
 
Wallace,

Doesn't Investing 101 stress the importance of setting a floor at which you will no longer hold any stock? I bought in very near the bottom (I don't Know yet which color hook),...but I have a floor beyond which I will not go even with this stock. I do not understand how an atorney can include anyone in the class who buys in after the class action suits began in AUGUST. They would have known or should have known that this stock was going south.

Bruce



To: Wallace Rivers who wrote (1706)11/30/1997 1:01:00 PM
From: Bruce A. Thompson  Read Replies (1) | Respond to of 2544
 
Wallace, Also, please do not forget that until the UK problem, the company was making plenty of money. They still are. The only people loosing their jobs are the people at the top. They still have a staff of over 800 trained capable loan processors and sales staff. They still have a network of thousands of Brokers and Bankers who send them hundreds of deals each month. My sources tell me that their US Sav-A-Deal closings in October were within 25 loans of a corporate record. IMHO, this is a short term setback.

Bruce