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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Mr. Pink who wrote (14078)8/30/2000 9:06:15 PM
From: R.E.B.  Read Replies (1) of 18998
 
To all: Do not short CNC, they will restructure their debt over 5 years, their cash will increase, they will raise $2 Billion. One Hedge Fund has already started covering (if not finished) their short position. CNC going into a buy signal on the 10 day and 40 day MA, any movement at this point will only fuel the fire. This could turn into one of the ugliest short squeezes in modern history.

Time to buy? They say the early bird gets the worm, but it's the second mouse that gets the cheese.
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