Trade what you see, not what you think,
This is a lesson I learned a couple of years ago. Thankfully I didn't lose any money on it, I only lost an opportunity.
The company USPH was recommended by someone on a thread we used to frequent on Yahoo. Having had in excess of 20 years experience in the health insurance industry, I knew this company was dog, a real POS. It was too!
This didn't stop the price from rising though. It took off without me. Later it came out that this company wasn't paying claims on a timely basis, (I knew this ahead of time), and the stock price plummeted back down. But, not for long. That POS company eked out a 300% return over two years.
Trade what you see, not what you think.
stockcharts.com[h,a]waclyiay[d20000101,20020828][pb50!b200!b10!f][vc60][iut!Lh14,3!La5,17,9]&pref=G
Now we have HRC down in the dumps. Is HRC a POS? I don't know anymore. All I know is I'm going to watch it and if it decides it wants to go up, I'll tag along for the ride.
stockcharts.com[h,a]daclyiay[pb50!b200!b10!f][vc60][iut!Lh14,3!La5,17,9]&pref=G
Lack of Medicare reimbursements didn't stop USPH in the past, from rising higher, perhaps the same will be said of HRC.
We shall see.
dabum |
