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

To: AK2004 who wrote (2556)	8/23/2000 1:04:37 AM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 4155

How could it be bullish if short interest had declined from mid-July to mid-August? Think about it, that would have meant that despite net buying from short sellers, CNC dropped 20% anyway. Even as it is, it seems clear to me that short selling has not been responsible for the bulk of the slow, steady decline CNC has gone through since the Fourth of July. Ponder the implications of that if you would.

To: AK2004 who wrote (2556)	8/23/2000 1:10:22 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 4155

albert, Re: BULLISH SHORT INTEREST RATIO report. I am glad your keen insight allows you too to see how the recent change in CNC short interest is bullish: 8-22-00: New CNC Short Interest Ratio, from the Wall St. Jour. interactive.wsj.com interactive.wsj.com; Company 8/15/2000 7/14/2000 % Chg Avg DailyVolume CONSECO, INC. 65,769,663 63,975,097 2.8 4,610,868 ----------------------------------------------- I am looking at various interpretations: Other interpretations from the shorts are welcome. I realize that shorts are fatigued and distraught at this time so they may not be able to think this though coherently but...life is unfair........... OK here we go: Short Interest Ratio ( SIR ) was ITEM A : " UP ONLY ~ 2.75 mill shares ". That can mean that: a) no more shares are available to borrow and short it more and drive price down= BULLISH. OR b) News is NOT BAD ENOUGH to short it more= BULLISH OR c)" HORRIBLE 10-Q " ( posted ad nauseam ) was NOT sufficiently scary!== VERY BULLISH!! ITEM B: " SIR is still high; 3 rd largest I believe " can mean d)Shorts have been unable to cover below 7 and 6 and are still under water= VERY BULLISH: They'll have to cover at higher prices. OR e)They feel secure enough that CNC is going down that they are willing to wait. So we have only 1 out of 5 possible hypotheses to support the shorts.Ergo shorts loose. That's the more simple conclusion. A more sophisticated conclusion is my " feel " for this : After ALL the Negative CNC -NEWS -10-Q -Internet Message Boards Posting -Articles by StreetCom, Indiana papers -Negative Analyst reports -Downgrades by Rating Agencies you name it I would have expected -CNC to be in the tank -SIR to be double the present Hasn't happened. Why? Stay tuned. Think Bullish, cheers TA @ Editor, CNC News and Reviews 8/22/00 Message 14252200 ======================================= you said Message #2556 from albert kovalyov at Aug 22, 2000 9:27 PM Kevin re: what change in the short interest figure would you not be able to interpret as "very bullish"? as seems strange I have to agree with Tunica that it is bullish. What is even stranger is that either it goes up, down, sideways it still going to be bullish. The bullish sign is the size of the short interest and the moves maybe viewed as indicators of what stage of development we are in at the moment Regards -Albert