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Non-Tech : Conseco Insurance (CNO)
CNO 41.25+1.9%Nov 7 9:30 AM EST

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To: BIG EYE who wrote (3840)12/20/2000 8:41:28 AM
From: Bryan  Read Replies (1) of 4155
 
I guess in a relative sense, CNC has NOT been "beaten like a dead horse" over the last year. But if you were to match it up against the performance of some other popular financial issues over a slightly longer time-frame you would see that it may be more prudent to say something along the lines of "CNC has gotten the piss kicked out of it." I'm sure that Wendt will not let long term CNC investors down. His plan is ahead of schedule at this point and he has blatantly stated that one of his primary objectives is to restore shareholder value.

I think the days of CNC @ $5-$6 are done as well. There was only a small window of opportunity to really average down in CNC. I've done that and already sold/covered those shares on the last rally. CNC is turning out to be a great performer this year, and I hope it continues to dazzle and amaze and never look back. But for many people this has been a tough cookie.

As far as the range is concerned, well it appears that we are still in one, as you mentioned. I was sort of hoping that we were going to bust out of it yesterday. There's still hope, IMO.

Good luck,
-B
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