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Non-Tech : Conseco Insurance (CNO)
CNO 42.22-0.2%12:22 PM EST

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To: BILLYJEANNE who wrote (274)8/12/1997 4:21:00 PM
From: M.A. Miller   of 4155
 
Did anyone see the block trades on Aug 7 and 8. I think the insiders may be buying their 4 million shares?

If CNC takes a hit with interest rate jitters the next few days with inflation reports, I'm going to buy a good amount of calls. CNC has a history of moving most right after insider buying and in the fall. Also, based on conf call, Hilbert finds CNC stock severly depressed. Market is waiting on acquisitions. They'll come.

I think CNC is becoming a great buy. At 11.5 times 98 earnings, the longer it flounders, the better the upside will be.

Any ideas on block trades? Hilbert said inside buying would occur in August.
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