Topstockblog

Blogging to add value. Sharing and discussing helpful websites, money, stocks, etc.

Check out the option addict website

The option addict is a website I recently started visiting and am impressed with the quality of stock market information and video’s  the author uses.  He was bullish going into the week and made a very good call that is well explained in a video he released before the week started calling for a rally in specific stocks. Check it out  http://www.optionaddict.net/  I have added it to the blog roll of sites I like to review to stay on top of market developments.

February 13, 2008 Posted by | Stock investing links, ideas, and opinions. | , , , , , , , | Leave a comment

Nice rally, momentum stocks look good here.

The rally was impressive.  Must say most of this rally has me in tough shape.  I wish I could get this over bought and buying opporunity correct this past week.  Technology and oil seem to be putting a bottom in stock prices to date.  Frustrated about the move higher.  Chart patterns are adding to momentum.   Money moving out of bonds should be a buyer in the market.  I am taking a break early this evening and spending time with the girlfriend.  We are looking forward to some good television tonight.   I like  CALM, MDR, MTW, EOG, and BIDU in the morning.   I like put options in TGT, COF, XL, and UNH 

entertainment purposes only

February 13, 2008 Posted by | Uncategorized | , , , , , , , , , , , , | Leave a comment

Short sold UNH, New York state investigating healthcare insurance fraud

UNH should be punished for committing fraud against it’s customers.  I hope you agree with me in condemning fraudulent behavior that ultimately denies society benefits and wastes.  New York state has launched a probe into illegal practices of Health Insurers.  I think UNH is a good short because of the dishonest behavior that I hope destroys the future of UNH. (update 2/13/08 lost alot of money on the trade – seperating morals from trading short term might be a lesson learned) Fraud has resulted in an inaccurate recording of profits in the past, and should not be allowed in the future.  One example of the alleged fraud New York is investigating UNH reportedly paid $62 on claims they believed should be paid $160 according to a Market Watch Report.  http://www.marketwatch.com/news/story/new-york-charges-healthcare-billing/story.aspx?guid=%7BA6E79417%2D6D6C%2D48EE%2D9DC0%2DBB52F816DB09%7D&siteid=yhoof AET, CI, WLP, WCG or HUM also look tempting to short in my opinion. They are being sold off on fear of earnings going forward in a climate with much risk for the industry as the government looks to cuts costs and eliminate waste.   http://www.reuters.com/article/marketsNews/idUKN1334410320080213?rpc=44   UNH said to be at the heart of the probe  http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b889EB25E-F08F-49AC-AA67-1465E44B9300%7d&siteid=yhoo&dist=yhoo   Doing more research I found Nevada probably the most pro business environment in the world slams UNH saying they committed 130,000 violations from not paying doctors and collecting fraudulent money from customers.  It could face 10,000 per violation equaling 1.3 billion dollars in Nevada alone.  I have heard of stiffing patients; but, doctors?  That is a business model for disaster. http://biz.yahoo.com/ap/080208/nv_unitedhealth_sierra.html?.v=1  Punishing this corporation and crushing UNH stock is best for society.  No more compromises.  As a society we need to condemn those who have chossen to deny us health benefits.  The future is about good decisions; not profits.  An argument against the trade is UNH is a large health care provider with a history of profits, predicted growth, and should  benefit from economies of scale because of the size it’s network of customers. Some may seen UNH being oversold and as a good value.

Entertainment purposes only,

February 13, 2008 Posted by | Uncategorized | , , , , , , , , , , , , , , , , , | Leave a comment