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

To: Wabash Cannonball who wrote (643)	3/3/1998 10:42:00 AM
From: Pancho Villa	Read Replies (2) \| Respond to of 4155

Wabash, nice post. I agree. So far (and probably for quite a while) people have made a lot more money long CNC rather than short. Just keep in mind that if (like me) you have difficulty reading the financial statements (this is the main reason I will cover on weakness), one they one may wake up and find another OXHP, WMX. >>When insiders put up $125 million, I decided I could buy a little myself<< Not sure, but I believe they are using the annuity and life insurance proceeds that belong to the policy holders as loans to buy stock. So they are going Italian style, not risking their own money (This is a joke! Italians are known for trying to finance businesses with 100% debt 0% equity - i,e, no risk capital - Despite the name, I am Italian so I hope other Italians out there don't take it as an offense) Pancho