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

To: BIG EYE who wrote (3888)	1/1/2001 3:49:07 PM
From: Pete Mason	Respond to of 4155

Any reason not to believe that the recent CNC spike is nothing more than tax-related short-covering? You know, like people sell longs at the last second to take the tax loss; similarly, underwater shorts will cover at the last second to take their tax losses as well... Personally, I expect CNC to be down short-term, just as I expect many downtrodden stocks to be up short-term. FWIW, -- Pete

To: BIG EYE who wrote (3888)	1/2/2001 6:34:17 PM
From: Cogito	Read Replies (1) \| Respond to of 4155

>>You seem to be reasonable, so what do you see for CNC over the next 3-4 months?<< BE - Thanks for the compliment as to my reasonability, and the implied compliment concerning my forecasting ability. I wouldn't want to set myself up as a prognosticator, though. There are just too many factors to take into account with any stock, and I am by no means a financial analyst. My gut feeling is that we'll see some appreciation over the next months as interest rates decline, but I also expect that the short-side pressure will continue. Sure can't argue with your decision to get out. You will never go broke by taking profits. I wish you the best of success in the coming year. And by the way, when did I ever beat anyone up? ;-) - Allen