<font color=green> SEPT. 25,2000 CNC NEWS and Commentary:
Today will be a fireworks day.
I have selected various good posts from YHOO and RB boards and added my views.
ragingbull.altavista.com
By: wordsmithtom $$$$
…”” I owned this stock as it dropped from 22 to 5.
Averaged down a few times and got out when Wendt came
aboard to book some profit and await a consolidation.
This week it became evident the debt issues were managable,
so I got back on ship. Friday's news buttered my bread.
From a technical perspective, there are less than
10M shares traded in the 11-15 price range.
It dropped from 14 to 12 to 10 in three days last April
then quickly oozed down to the 7's where it based then
drifted downward some more.
Very little resistance Monday, and with the debt news in
hand, a combination of new money and desperate shorts will
no doubt make it a firestorm. Shorts were smart to sell as
it fell. They had their opportunity to cover as it based.
Now they can take the consequences for betting against Gary
Wendt.
Long term; who wants to bet Wendt can't handle AM Best,
now that he's tamed the banks."”
And CHART to prove above:
stockcharts.com[W,A]DCCLYYMY[DD][PB30!B50!B200!D20,2][VC60][I]
And Short Interest ratio:
So we have an explosive situation here.
Company 8/15/2000 7/14/2000 % Chg Avg DlyVolume
CONSECO, INC. 65,769,663 63,975,097 2.8 4,610,868
Company 9/22/2000 8/15/2000 % Chg Avg DlyVolume
Conseco Inc 66,583,520 65,769,663 1.2 3,507,859
These PEOPLE MUST COVER SOONER OR LATER!!!
Here’s how edgemr $$$ from RB sees the short situation and confirms above
41MM short shares under $9
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ragingbull.altavista.com
Good news on the way with upgrades etc
messages.yahoo.com
10 Reasons to be Long in CNC
* BK no longer a possibility.
* Refinancing package better than expected.
* Insurance Ratings will be restored soon.
* 66 Million shares out short.
* Earnings going forward to improve.
* Non core assets will be sold at a decent price over
time.
* Positive Analyst coverage will return soon.
* Money flow from slowing tech sector into value stocks.
* Possible future buy out/merger candidate.
by: Jim9572 Msg:
*Add to the above that Wendt has repeatedly
said that there will be no dilution of shareholder equity:
cnetinvestor.com
messages.yahoo.com
boards.cnbc.com
The PAC – MEN strategy to produce a short squeeze remains in effect:!!!!!!!!!!
ragingbull.altavista.com
and we want to produce this type of fireworks:
“ Anatomy of a Short-Squeeze “
Message 14330070
To conclude: I will watch the action closely today.
I will not sell primarily because Shorty Inc. is a pwerful Tiger. However I have him by the tail
as long as I OWN my shares.
Difficult to time this.
I think shortly we will have the BIG SQUEEZE. When that happens
I want to own ALL of my shares,
cheers to all and good luck,
TA
Also see
CNC NEWS, REVIEW, FUNDAMENTAL DATA AND COOL LINKS
Message 14447727
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PS For an idea as to what to do today read this:
Barron's: Sept. 11, 2000: " Mr. Sentiment "
Message 14447716
" "Q: What else distinguishes what you do from day-trading?
A: One of the things we really don't like to do is to make
judgments based on intra-day activity. A lot of battles are
fought during the day, but the war is won at the close.
In this environment of excessive volatility, that's been
more true than ever. We have Emulex type of situations,
crazy moves one way or the other. So it's important to
wait for the close to assess the market.
Also, we focus on weekly and monthly charts, rather than daily charts.
Q: Explain.
A: You get a much cleaner read of overall trends in the market.
For instance, last year, when Qualcomm broke down below a 50-day moving average,
that provided a lot of people with an exit signal, and it created a lot of panic.
But if you were looking at a weekly chart with a 10-week moving
average -- the equivalent of a 50-day -- you would have waited until the end of the week
and you wouldn't have gotten shaken out of Qualcomm because, by the end of that week,
it had reversed and closed well back above the 10-week average.
Extending the time frame blocks out the noise from your investment decisions.
If you're getting conflicting signals, the chart with the longer duration
will ultimately win. Certainly, we are short-term investors -- our time frame
is a couple of months-but we are trying to get a sense of the bigger trends. " " |
