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

To: Tunica Albuginea who wrote (1928)	7/23/2000 2:31:37 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 4155

I don't think insiders can sell short without filing SEC Form 4s, and then we'd all know about it. I don't think it matters whether the shares insiders might sell are shares they own or shares they might borrow; they must file Form 4s and only trade during certain time windows. The only other possibility is that holders of convertible securities sell short, but that usually happens when the stock is high. If the stock drops, they cover, while if it goes still higher then they cover by converting debt or preferred to shares. I don't think that is the case here unless holders of preferred are convinced the stock is dropping from here. The most likely scenario is the same short sellers who are bashing the stock (i.e. Mr. Pink and his band of sycopants) are doing more short selling. I'd be happy to take their money!