Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Cogito who wrote (2849)	9/8/2000 11:48:44 AM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 4155

I was under the impression that it was only legal to sell short on a downtick. That's backwards, it's the upticks that they only permit short sales on.

To: Cogito who wrote (2849)	9/8/2000 11:55:04 AM
From: Mama Bear	Respond to of 4155

"I was under the impression that it was only legal to sell short on a downtick. " It's the uptick rule. The price has to be going up to sell short. There is no rule that says you can't sell short at the offer. Getting the day's high is nothing but luck. Regards, Barb

To: Cogito who wrote (2849)	9/8/2000 12:27:38 PM
From: donjuan_demarco	Read Replies (1) \| Respond to of 4155

"Maybe CNC will be able to fix itself and maybe not. Do you really know enough about the entire situation to be as sure as you are that they won't?" Do you really know enough about the entire situation to be as sure as you are that they will?

To: Cogito who wrote (2849)	9/8/2000 4:45:44 PM
From: Tunica Albuginea	Respond to of 4155

JUST HOOOOLD IT RIGHT THERE Mr.ALLEN MURDOCK::::::!!!!!!!!!! WHO, WHEN, WHERE and HOW said that mammabear was sophisticated?????????? please post a link ......... "...... so I'm not as sophisticated a trader as you or Mama Bear......." thank you TA ================================================ Message #2849 from Allen Murdock at Sep 8, 2000 11:45 AM >>Allen first you tell lies about me, then when it is proved you are lying, you use the opportunity for more insults.<< DD - I'm not angry that you keep saying that, but I'd just like to point out that there is a difference between lying and being mistaken. When I made the statement to which you refer, I believed that you were the one who had posted the opinion that CNC wouldn't be able to stay afloat past September. That was a mistake, not a lie. Since you do not know what is inside my head, you are not qualified to decide whether or not I was lying, but you can believe what you want to believe. Yes, I did take the opportunity to take a swipe at you, because your post seemed like a big overreaction to me. It wasn't much of an insult, though, since it would be hard to argue that most of your posts are substantive. There's no crime in that, though. The noise level on this thread is extremely high, anyway, from both the longs and the shorts. Now, in response to what you said that actually had something to do with CNC, I can only say that CNC is not the only company that has ever gotten into a bad situation. A lot of companies in bad situations don't get out of them, and yes, many of those companies say that they're going to sell off assets to pay debts. It's one of the only options when there's a lot of debt and not enough cash flow. The other options include reducing costs and finding ways to increase revenues. Some companies that get into bad financial situations don't ever get out of them, and some do. Often, the main factor is the quality of the management team. Maybe CNC will be able to fix itself and maybe not. Do you really know enough about the entire situation to be as sure as you are that they won't? BTW, about your short sale at the high a couple of days ago. No matter who your broker is, I was under the impression that it was only legal to sell short on a downtick. That's what would make me wonder about how you managed to do it at the high. I'm only looking for an explanation, here, not accusing you of lying. I have never made a short sale, so I'm not as sophisticated a trader as you or Mama Bear. (Really, I'm more of an investor, not a trader. To me, long term is measured at least in years.) So what's up with that? How do you sell short at the absolute high of the day? - Allen