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Non-Tech : Conseco Insurance (CNO)
CNO 42.31-1.2%Feb 3 3:59 PM EST

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To: The Pri who wrote (640)3/2/1998 9:51:00 PM
From: Pancho Villa   of 4155
 
>>Pancho.. I see you are also short on ALYD. Do you ever go long?<<

Yes. I short as a hedge. I usually have a very significant long exposure even over 100%. I do not discuss my longs much at SI as many of them are long term non-technical stocks such as MO, G and others not even discussed at SI.

>>It's O.K. to be short for the little ups and downs of the market but in the long run if you believe in the economic power and needs of the baby boomers this stock will grow and grow and grow.<<

Could not agree more.

With Conseco, I must admit I shorted on RD's tail, and will very likely cover on a dip under 43 for at least a small profit [didn't cover at 40 last january because I was out of the country]. I know what you will say, CNC will never see under 43 again. if you check past posts, you will see one other person said this before only to see the stock dip to 40.

Pancho

PS: Liked your post, even though it is full of very optimistic forecasts and we all know analysts cannot forecast reliably earnings even one year out
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