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Non-Tech : Conseco Insurance (CNO)
CNO 40.49+0.4%3:59 PM EST
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To: Mama Bear who wrote (2408)8/18/2000 3:21:04 AM
From: Sr K  Read Replies (1) of 4155
 
I recall that IRID, CFON, and many other situations that were obviously going to or close to zero, had at least one sharp reversal. IRID went from about 3 or 4 to about 14 or so and squeezed many shorts. Recently, LGTO has seemed (to me) to be on a similar path, but after crashing to the low 20's recovered to the mid 40's before resuming its trek.

Shorts have to use the mark-to-market gains to mirror the longs' potential, mathematically. Shorting at 47 to 3 and holding through a recovery to 14 is bad money management, which may be OK for you, but not for anyone who manages other people's funds.

BTW, CFD declared the dividend, FWIW.
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