Tuesday, January 17, 2006

BOUGHT UNH

I have been watchign UNH (United Health Group), a health care cost consolidation player. Theyrecently took a big drop and I'm betting that they'll be at $64 within the next 6 months.

I would buy UNH at anything under $60.50, I think its currently slightly oversold right now and belongs over $61. Many people I think are selling it off because of the complications caused by Medicare Part D, but infact UNH is set up to profit from it, they're going to be simplifying things for the individual elder and allow them to get more benefits, which in turn gets them the government money being filtered through Medicare Part D.

UNH may still see an additional pullback, Although I see resistance at 60, and if it for some reason drops down to $55 or below I will cut my losses.

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