Healthcare
Shares Dow Jones U.S. Healthcare Sector Index Fund Symbol: IYH
http://www.reuters.com/finance/stocks/overview?symbol=IYH.W&rpc=66
Rationale: Healthcare is “it”. We follow this sector for long term holds, and for puts and calls.
Guidance: On Watch. Do not hold
United Healthcare Symbol: UNH
http://www.unitedhealthgroup.com/main/default.aspx
Rationale: United is a terrible company that I hate immeasurably. They’ve destroyed healthcare, and are one of the largest Medical Criminal Corporations out there.
We follow them as a stock, and puts and calls.
Right now we’re waiting to see how the healthcare bill plays, before we even think more of this sector.
On Watch. Do not hold
Health Management Systems Symbol: HMSY
Rationale: This Company provides cost management services for government sponsored health programs. 80% of its revenue comes from Medicaid. It’s involved in 37 state Medicaid clients, and 100 Medicaid managed care plans. With our current health insurance situations it’s a money machine.
Guidance: We bought this 9/3/09 at 37.58. On 11/30/09 it’s at 44.85 and remains a buy. Use a 25% trailing stop loss on this stock, and pay to highs of 47.00. It has just broken a double top and if it can hold has strong upside potential around healthcare.
