Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
HUM....a buy or sell here?
Old 02-13-2008, 09:07 AM   #1
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
HUM....a buy or sell here?

Is Humana a buy or sell at these prices? I can't yet find the reason for the halt and price drop today. Anyone help?
__________________

__________________
Art G is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-13-2008, 11:54 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
Thanks for the help guys. I went ahead and bought without ya'. So far, all looks good.
__________________

__________________
Art G is offline   Reply With Quote
Old 02-13-2008, 12:48 PM   #3
Recycles dryer sheets
 
Join Date: Jul 2005
Posts: 113
Health insurers tumble after New York AG launches industry-wide probe

HUM is probably one of the bigger offenders for manipulating reimbursement rates. UNH is being investigated, also a big offender. Further investigations may involve HUM so that is the reason for the drop.

Docs on the board could probably give more insight to health insurance companies shenanigans.



(Standard not financial advice disclosure)
__________________
boutros is offline   Reply With Quote
Old 02-13-2008, 01:03 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
Thanks, yeah I finally figured that out, however, I was under the gun as to whether or not to buy. I ended up getting the shares around $66.80.
I think UNH has other problems that may not relate to HUM.
Thanks anyway for responding
__________________
Art G is offline   Reply With Quote
Old 03-11-2008, 09:54 AM   #5
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
Quote:
Originally Posted by Art G View Post
Thanks, yeah I finally figured that out, however, I was under the gun as to whether or not to buy. I ended up getting the shares around $66.80.
I think UNH has other problems that may not relate to HUM.
Thanks anyway for responding

OUCH!!!!!!!!!
__________________
Art G is offline   Reply With Quote
Old 03-11-2008, 10:03 AM   #6
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 2,020
Bloomberg.com: Worldwide

Looks like it was driven by WellPoint's earnings forecast... so, if you believe in the stock enough to buy it, then it's worth buying more now!
__________________
Marquette is offline   Reply With Quote
Old 03-11-2008, 10:38 AM   #7
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
Quote:
Originally Posted by Marquette View Post
Bloomberg.com: Worldwide

Looks like it was driven by WellPoint's earnings forecast... so, if you believe in the stock enough to buy it, then it's worth buying more now!
I'm a technical analyst. The theory I try to live by is, "if your reason for buying a stock has changed, then your reason for holding a stock has changed as well".
It has broken any support line I can find.
__________________
Art G is offline   Reply With Quote
Old 03-11-2008, 10:53 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
wellpoint warned on revenues a few days ago as well

recession means higher unemployment and less covered lives
__________________
al_bundy is offline   Reply With Quote
Old 03-11-2008, 10:56 AM   #9
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
I really think our next President will be paramount in deciding how this industry proceeds.
__________________
Art G is offline   Reply With Quote
Old 03-11-2008, 11:38 AM   #10
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
i live in NY state and we have halfway socialized medicine. it's nothing like the nonsense you hear on the news. in fact the catholic church manages a lot of it. it's an HMO that people can buy into, the premiums are based on income and there are deductibles.

any national universal care system will follow this model. massachusets is going as far as to require people to purchase insurance and to penalize them if they don't. it's going to be like driving soon. to live in society you will have to buy various insurance products to protect society from any accidents that may happen to you
__________________
al_bundy is offline   Reply With Quote
Old 03-11-2008, 02:11 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
Our next Pres. may allow buying insurance across state lines.
__________________
Art G is offline   Reply With Quote
Old 03-12-2008, 06:15 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,432
Looks like a sell now.

Humana Slashes Outlook Amid Drug Plan Miscalculations - WSJ.com
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 03-12-2008, 06:17 PM   #13
Thinks s/he gets paid by the post
twaddle's Avatar
 
Join Date: Jun 2006
Posts: 1,378
Quote:
Originally Posted by Dawg52 View Post
Looks like a sell now.
Good advice! A little late, but still good.
__________________
twaddle is offline   Reply With Quote
Old 03-12-2008, 08:29 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
generally the rule is when things like this happen it's for a good reason and it's best to stay away

we have Reg FD, but the pro's still know more than the regular retail investor, they still get some inside info and that is why you have to watch the charts and the volume

average volume is just over 3 million shares, and today's volume was over 64 million. this means institutional investors are running for the exits and you don't want to get in the way. total of 170 million shares and 90 million traded in the last 2 days. stay away from this pig
__________________

__________________
al_bundy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
SBUX: Buy,hold,sell gwix98 Stock Picking and Market Strategy 5 12-21-2007 10:29 PM
EQUITY: Sell? Buy? Stay put? Sam FIRE and Money 46 08-22-2007 10:05 PM
Oil Stocks........Buy, Sell or Hold? Dawg52 Stock Picking and Market Strategy 17 08-09-2007 11:12 AM
buy and build or just buy land and wait ? lonedog Life after FIRE 11 02-13-2006 10:55 AM
Buy high,sell low unclemick FIRE and Money 24 04-13-2004 05:00 AM

 

 
All times are GMT -6. The time now is 02:25 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.