Investing General Discussion

Sanrith Descartes said:

Watched "Dumb Money" tonight. The story of GME and Roaring Kitty. If you didn't follow the saga back then it's a good primer.

Ironically the movie ends saying that Roaring Kitty's last post on social media was some date in 2021 and that he retreated from public life.

Until yesterday apparently.

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Sanrith Descartes said:

There's gambling and there's investing.

And then there is just buying the same stonks that our Members of Congress buy...

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Sanrith Descartes said:

UNH is touching 2.5 year lows. Got some industry-wide bad news on Medicare payments recently. 10-yr historic PE is 20.61. Today's PE is 18.86 (nearly 10% below). It makes tons of money. It ain't flashy or fancy. Buy it, hold it, forget about it for 20 years. If this support level fails it could potentially see a drop to test 400 (another 10% below today's open). This $445-$446 area is a solid entry point for a new position if you want to own this type of stock. Earnings are in 5 days. This will test the current support level. Play the weakness now with an entry sized position, if it misses on earnings let the market over-react and add on that drop. Caveat: This depends on "why" it misses on earnings. If it just misses "expectations" ignore it. If it announces a fundamental issue, then reassess the position.

Full disclosure - I am and have been acquiring it in this price range.

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Sanrith Descartes said:

Fundamentals matter.


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Rais said:

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