Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 39.59

-1.0%

Nov 3 3:59 PM EST

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To: Softechie who wrote (1521)	7/3/2000 12:38:44 PM
From: brad greene	Read Replies (1) of 4155

Rising Above Shorts Softechie, This is well beyond short covering. Look at the volume. Look at the technicals. Every indicator is flashing very bright green. I think this is just solid confidence buying. I think the last 10 points down....much of it shorting activity, was due to Hilbert....and the fact that he had zero credibility with the street. Even if he was correct, it didn't matter. He opens his mouth....institutions sell CNC off. Anyhow, I think the buying we are seeing is a very nice vote of conidence for Gary Wendt. Gary Wendt has a very, very good track record. While at GE Capital, he made a lot of people a lot of money. People don't forget. IMO....If Gary Wendt says he can have CNC back in the mid 20s by year's end.....I think a bunch of people will believe it. Lots of institutional investors will. I don't know what the shorts believe.....but they must be finding some religion today. Remember that Gary Wendt wanted this job....and jumped all over the chance to have it. Hmmmmm. My money is on Wendt.....long term. Have a nice day.

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