8/14/00 – NEWS and REVIEW of CNC Articles and POSTS
Comments:
This week the battle between the CNC Shorts and Longs will continue.
Current Short Interest in CNC as of 7/14/2000 is 63,975,097 shares
Per Wall St. Jour. It is probably higher now per this link:
trading-ideas.com
Jacobs says that shorters are
”sophisticated Wall Street investors
managing other people's money.”
He thinks ” CNC the shares are worth more, “
and blames these Wall Street's hedge funds,
and the high-return investing clubs for the wealthy
for trying to short CNC.
biz.yahoo.com
Message 14204430
Last Friday what was remarkable is that trading was almost halted
In the last 2 hours of trading. Volume was
20000 to 30000 shares per hour which is a minuscule part
of the average daily volume.
This suggests that shorts are having an increasingly difficult time
shorting any more.
Again, the rules to create a short squeeze:
If you own, or just bought CNC stock,
a) ask your broker to take the stock out of Street name, or
b) ask your broker to put a sell price “ good till cancelled “
at let’s say $20 or $30. That will remove it from the short lending pool..
c) or simply ask him to restrict it, ie you don’t want to have it
loaned out for shorting.
A good short squeeze could double the price of CNC to 15.
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A final post on who I think CNC shorts are :
messages.yahoo.com; mid=65509
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8/14/00 Herzog Named Executive Vice President, General Counsel At Conseco
biz.yahoo.com
about Herzog
messages.yahoo.com; mid=65612
About David Herzog
(from his home page )
David Herzog concentrates his practice in business and commercial litigation, representing corporations and individuals in a variety of kinds of disputes. He has had extensive experience in banking, business-tort, contract, and officer/director-liability litigation, and has represented numerous defendants in class actions in both state and federal courts involving claims based on the securities laws, the federal Truth in Lending Act, and various consumer contracts. In addition, David has represented defendants in a number of cases involving mass torts, including cases arising out of natural gas and chemical explosions.
by: kevins_28532
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REVIEW of previous CNC
Review articles
ragingbull.altavista.com
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TA |
