Tuesday, March 3, 2009

CNO part 2

On Friday CNO closed at $1.21; on Monday
at $0.51; today (Tuesday) at $0.38--this
company (Conseco) has been in bankruptcy
before, and soon may be again. However,
its top people are doing what they can
to keep that from happening. It is still
showing as a hold. One of the reasons
I began tracking CNO was the possibility
this might occur. Its 52-week low was
hit today: $0.2869, and its 52-week high
as of today was $12.34; so, it is easy
to see that those who have been shorting
this stock during 2009 alone/ have likely
done quite well. For personal and other
reasons, CNO will remain on my watch list.


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