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


To: M.A. Miller who wrote (561)1/13/1998 10:18:00 PM
From: Ken Sammut  Respond to of 4155
 
Let the shorts have their say. The more the merrier which will make the stock go up that much quicker once the squeeze begins.

Ken S.



To: M.A. Miller who wrote (561)1/14/1998 5:09:00 PM
From: Adam McDowell  Read Replies (2) | Respond to of 4155
 
M.A. Miller,

No need to get real personal here. You inquired about something and I gave my opinion. Take it with a grain of salt, which is obviously the way your feelings are being portrayed. My conclusion is based on technical analysis that has been in existence since the 1920's. The information I base my decision on is from the book,

Technical Analysis of Stock Trends, by Robert Edwards and John MaGee.
It is the seventh edition.

I feel Conseco's stock will likely test 35 support area, and potentially head down to 30-31. The chart formation is a descending triangle (see FFSY chart for similar formation) which is a very bearish signal for the short term.

I am by know means an expert, just a humble investor.

Regards,

Adam