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


To: Robert T. Quasius who wrote (1926)7/23/2000 2:16:45 PM
From: BWAC  Respond to of 4155
 
Speaking of shorts. You all do happen to know that short interest INCREASED from mid June's 54 Million to mid July's 64 Million or so.

Pile on???? This potential short squeeze isn't over yet. They still have plenty of money to lose. And they still have plenty of money to throw into piling on an ever increasing short position. If and when Wendt makes a definitive positive move/action on CNC's troubles then these shorts are in trouble. Of course they don't see CNC ever recovering, but others do see it recovering and soon enough btw.

Earnings are listed as the due on July 28. Expectations are for 28 cents. I expect they miss the target and am prepared for whatever occurs in the short term.



To: Robert T. Quasius who wrote (1926)7/23/2000 2:24:22 PM
From: Tunica Albuginea  Read Replies (1) | Respond to of 4155
 
Current CNC SHORT Position from YHOO boards:

Here's another intelligent insight Robert from YHOO:

messages.yahoo.com
I tend to agree:

" Institutions shorting to protect themselves
on the down side because they have 100 mill shares
invested."


I would add that they will be buying massively as soon as
the good news comes out.
You will then see big 1 or even 2 point increases and will
be hard to get in especially if there is a gap up.

Thus I intend to buy next week.

I'll be watching the stock and decide Mon through Thurs or
even Fri AM .

messages.yahoo.com

Most likely I will spread my buys in 3 parts, over this period.

TA

Message #1926 from Robert T. Quasius at Jul 23, 2000 8:29 AM
Thanks for culling some good posts from the Yahoo board. There is a lot of garbage posted there, and I don't bother to wade through most of it.

Any of the shorts out there care to do likewise, so we can have a balanced view?