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

To: harryr26 who wrote (1757)	12/8/1997 9:08:00 PM
From: Ploni	Respond to of 2544

They indicated that the reserves they had taken for trouble in Britain wouldn't be adequate, but they failed to say what would be adequate. Thus, I don't have a clue if the company will turn a profit this quarter, or take another huge writeoff resulting in a loss. Given their previous track record, (selling portfolios and taking charges during the last quarter and not telling anyone until a few weeks ago), anything is possible. Perhaps they have already sold the company for a penny a share, and won't tell us for another 2 1/2 months. Why don't you sell now for a tax loss, and buy back in 31 days? It's unlikely that the stock will have any significant upward movements before then.