Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 40.93

-0.8%

3:59 PM EST

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To: James F. Hopkins who wrote (1073)	4/6/2000 11:07:00 AM
From: Bosco	Read Replies (1) of 4155

Hi James - not sure if I agree with you about the short in CNC case. Even with a huge insider and institutional holdings and while the last convulsion in the market has squeezed out some of the margin [long,] , there is plenty of float around [> 200MM shares.] Short squeeze usually works best with small float type. I don't know about TYC short situation when it was down, but I don't think the recent runup is due to short covering. Also, while I don't mind CNC being compared to TYC, they are just not the same. Wish they were though <heavy sigh!> best, Bosco

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