SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Conseco Insurance (CNO)
CNO 40.91-0.8%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: philip j gerth who wrote (1067)4/6/2000 10:15:00 AM
From: James F. Hopkins  Read Replies (2) of 4155
 
A falling market would be hard, except for the amount of shorts on CNC, my guess is there are twice as many shorts
on her now than last report ( march 8th ).
For them to all cover she has to keep falling and any
bounce leaves the last ones to short holding the bag.
All shorts are put in margin; and a margin call can
cause covering. More than once I've seen highly shorted
stocks bounce in a falling market because most of the
shorters also have long positions in other things that
are also on margin, so if their longs go down they have to
raise cash.

I'm not sure we can place much credence on the report
that they are calling for Hilberts head..one press release
by some one who is supposed to be a manager for Federated,
and that seems odd as Federated would be shooting itself in the foot ( unless they went short ).
(at any rate it made me look at Federated and I'm thinking of taking a short position in them )

A call to Pimco Advisors might clear things up as they are the real big holders of CNC.

When shorts are on a stock you never know what to believe,
those vultures are sometimes less than honest.

Don't forget what happened to TYCO..and look at who
did the bashing..

AT any rate I'm now in CNC, ( basic cost is now 6-3/4 ) and
I can ride her down buying more easy enough if she drops
below taht. In short I can keep my cost below what ever
price the shorts short at until she bounces..I hedge my bets by selling options, sooner or later she will bounce.

Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News