Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 41.25

+1.9%

Nov 7 9:30 AM EST

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To: Mort who wrote (1079)	4/7/2000 1:55:00 PM
From: Robert T. Quasius	Read Replies (2) of 4155

CNC has nowhere to go but up from here. Even if GT was written off as a total loss, CNC is still worth more than $7-1/2 per share. This sell-off is way overblown! I increased my CNC position today with a synthetic long position. I sold Jan 02 $7-1/2 puts, and bought Jan 02 $10 calls with the premiums. I fully expect CNC to hit $20 by then, making my calls worth a lot of $$, and the puts I sold worthless. The stock would have to drop below $4-1/2 for my puts to drop below the break point. I don't think this will happen, but if it does CNC is an excellent buy.

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