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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (1475)	7/2/2000 1:56:41 PM
From: brad greene	Respond to of 4155

Big Bubble BWAC, Yes....and I'm figuring about 23 to 26 million of those were shorted under $6.00......so this is already an "event" for a lot of shorters. They must be feeling a bit nervous right about now. It is a huge position......either way. If this thing continues to move away from these guys....Yikes!......CNC could run back to the $15 range....and still have plenty of short shares in trouble. CNC was at $15 not too long ago.....and the chart shows me that it will not take all that much volume to get it back there. You need to recall that CNC was at $50+ not too long ago....so $15 really isn't all that high. The PE is still very low. Pull a chart....and see what you think. I think a break above $10.25 will be very positive.....and much less buying will be needed to make it take off to much higher levels.....I'm sure momentum players are looking at this. Depending upon what Wendt says and does......next week.....I think this has all the makings of a "blood in the water" situation.....and with some positive news, this could turn into an "event" I'm long CNC.....so I would love to see it. I do think Gary Wendt can bring CNC back.....and I think he knows a lot of folks who will support his efforts. His track record is very, very good. Good Luck....bg