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


To: brad greene who wrote (1502)7/3/2000 10:47:49 AM
From: timers  Respond to of 4155
 
you are right. i'm not watching any charts. I know what i know.



To: brad greene who wrote (1502)7/3/2000 11:03:43 AM
From: Tunica Albuginea  Read Replies (1) | Respond to of 4155
 
brad greene:$$$ 10 !!!! and " trading pattern ". You are right.
As I was watching this AM, CNC rapidly by 1015 was up to 9 3/4.
Big chunks coming in at 70000+ blocks coming in since then.
I noted some feeble attempts at short selling with 4000 and
8000 blocks, trying to keep the lid on price escalation I
suppose and to allow shortie to cover, <vbg> )
but demand for the stock steadily is outstripping supply.

A poor hapless short covered at 7 25/32 and 7 29/32 !!

At 1030 another 75000 at 9 13/16 and since then most sales where at the 13/16 bid rather thqn 3/4 ask.

At 1100 we are moving up to 7/8 ask with bid to ask ratio
outstripping 1000 to 600

Then rapidly to 7 15/16 with bid to ask 1000 to 100 !!!

I think that shortie may be having
" an accident " in his pants right now!!! as we approach the magic $10.

I see $10+ today possibly sooner than later, and very good things on Wed.

This I suspect will be an orderly <VBG> increase to $15.

cheers

TA

brad P S : 1101:31 AM !!! $$$10, 8100 shares !!! even as I write this !!!

TA


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Message #1502 from brad greene at Jul 3, 2000 7:50 AM
Trading Pattern

Tabler,

Today's trading pattern is looking very much like Friday's.

Note that over the last 3 trading sessions, CNC has closed higher than the intraday high for the previous day. This indicates very strong technicals.

As with Friday......the last hour will tell the tale. A close above $10.125 would be very bullish.

Where this would get really interesting....is on a 2 point up day. I hope this day is close......perhaps the day Wendt speaks to the Street.

Until then......it would seem that the trading pattern is good for the bulls.....and seems to be a "slow burn" for the shorts.

They are a dedicated and well organized group....so I'm sure they will do what they can.

I think long is the best position to be going into Wednesday morning.....but I can't say what the shorts might be thinking. They must not be looking at the charts.

Happy Trading