CNO part 3

             
                                       
                                             
On the rise again.  Here are some highlights    
and a $1000 calculation.  The 52-week low:   
$0.26.  Closing price today: $1.41.  Today's  
high: $1.59.  On Thursday, April 2, 2009,    
Conseco's CEO purchased 200,000 shares at   
approximately $1.11 per share, an action     
which strengthened the rise.                
                                           
At $0.40 per share, 1000 shares cost $400  
before whatever commission.  Am setting   
the commission at $40 this time.  Today  
this stock traded above $1.40 most of the   
trading day.  Several times it was above  
$1.50.  Let's say someone bought the 1000
shares mentioned above at $0.40 per share
and today sold those 1000 shares at $1.40  
per share.  Including the buy and sell    
commissions, that someone would have made
$920.00.                                 
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Considerations:                               
1. CNO fell to $0.26 because rating firms   
      had doubts Conseco could remain a  
      going concern.                      
2. The 52-week low of $0.26 occurred on   
      March 10, 2009.                       
3. On March 17, 2009 the low was $0.31   
      and the open, high, and close: $0.35.
4. On the following three days, CNO could   
      have been bought at $0.40.  However,  
      indications were CNO was moving up.   
5. Even so, buying CNO at $0.40 would have   
      been a highly contrarian move.       
6. Such a bet should not be made lightly.  
                                                     
                                                
                                                 
                                                 
                                                   
                                             
mr00025