Opportunity Cost?
Good Point...But at these levels in the indexes what opportunities are you finding?.....DOUBLE TOPS ALL OVER THE PLACE GOING INTO AN EXPIRATION WEEK
I have been on the sell side for the last few weeks and have saved myself a small fortune. Yes there have been some stocks that have gone higher after I unloaded the majority of the position, but in the aggregate the positions would have given up close to 4% of the gains....Could I go fishing back into some of those previously sold positions....Of Course, but these positions could just be in the first phases of selling and the bounce back could be met with more selling....
I find Humana to be cheap mostly because it was one of the only positions I held through May and didn't sell until Mid September...Along with many other HMO's...Rightly So I must add... So starting back a position right below 53, 15 points lower from when I sold in September seem to be a good starting point...I understand the game will be changing with the HMO's looking forward, but the demographics in America suggest a solid long term hold....How did the HMO's perform during the last sell-off in MAY....Very well...One of only a handful of industries that were in an uptrend....If we start to sell off again I can only guess that this industry will see similar price action....I can't forecast what the market will do given the recent political changes, but I see owning a beaten down HMO over many other high flying sectors....
Try to understand that this is just one of +250 stocks in my portfolio, So the opportunities that are out there are getting slimmer for me....And the overall outcome in the market will more so dictate my return than HUMANA ever could, but at these levels and anywhere 6 points below all look like great opportunities to be adding shares to HUM....Other HMO's starting to look attractive as well with a few more days of selling....I'm watching price action closely for any signs of a bottom in this industry....It could be months away!!! and I am fully aware of this...
$COSTAverageMAN
Good Point...But at these levels in the indexes what opportunities are you finding?.....DOUBLE TOPS ALL OVER THE PLACE GOING INTO AN EXPIRATION WEEK
I have been on the sell side for the last few weeks and have saved myself a small fortune. Yes there have been some stocks that have gone higher after I unloaded the majority of the position, but in the aggregate the positions would have given up close to 4% of the gains....Could I go fishing back into some of those previously sold positions....Of Course, but these positions could just be in the first phases of selling and the bounce back could be met with more selling....
I find Humana to be cheap mostly because it was one of the only positions I held through May and didn't sell until Mid September...Along with many other HMO's...Rightly So I must add... So starting back a position right below 53, 15 points lower from when I sold in September seem to be a good starting point...I understand the game will be changing with the HMO's looking forward, but the demographics in America suggest a solid long term hold....How did the HMO's perform during the last sell-off in MAY....Very well...One of only a handful of industries that were in an uptrend....If we start to sell off again I can only guess that this industry will see similar price action....I can't forecast what the market will do given the recent political changes, but I see owning a beaten down HMO over many other high flying sectors....
Try to understand that this is just one of +250 stocks in my portfolio, So the opportunities that are out there are getting slimmer for me....And the overall outcome in the market will more so dictate my return than HUMANA ever could, but at these levels and anywhere 6 points below all look like great opportunities to be adding shares to HUM....Other HMO's starting to look attractive as well with a few more days of selling....I'm watching price action closely for any signs of a bottom in this industry....It could be months away!!! and I am fully aware of this...
$COSTAverageMAN