General Discussion

cthulu2016

(10,960 posts) Thu Jun 28, 2012, 12:53 PM Jun 2012

OBAMACARE CRUMBLES! (The dangers of day-trading Drudge)

Some folks showed up on Wall Street ready to pile into insurance companies and if they got their news from Drudge (OBAMCARE CRUMBLES! <siren> ) or CNN or FOX they lost a chunk of change today. All the health insurers charts have a big up spike and a big down spike at about 10:20 and, amusingly, on some the up spike is first, and on others the up spike is second. So it was a big clusterf*ck all around with a bunch of fingers on buttons ready to play, but not knowing what the heck was going on.

10:21 a.m- Tenet Health, Wellpoint shares briefly halted

The five biggest losers in Thursday afternoon trading:

Ticker Name price % chng
WLP WellPoint Inc. 65.71 -5.44
CI Cigna Corporation 43.45 -4.30
AET Aetna Inc. 39.60 -3.32
CVH Coventry Health Care Inc. 32.20 -3.10
ALXN Alexion Pharmaceuticals Inc. 96.50 -2.98

And the five biggest winners:

Ticker Name price % chng
THC Tenet Healthcare Corp. 5.40 8.43
LH Laboratory Corp. of America Holdings 91.98 2.92
DGX Quest Diagnostics Inc. 59.00 2.34
CAH Cardinal Health Inc. 40.86 1.31
ABC AmerisourceBergen Corp. 38.55 1.10

http://blogs.marketwatch.com/thetell/2012/06/28/5-winners-and-5-losers-in-healthcare/

10 replies

= new reply since forum marked as read

Highlight:

OBAMACARE CRUMBLES! (The dangers of day-trading Drudge) (Original Post) cthulu2016 Jun 2012 OP

The headline really should be: Proud Liberal Dem Jun 2012 #1

Headlines should read: Ikonoklast Jun 2012 #5

Good one! Proud Liberal Dem Jun 2012 #7

Looks like Intrade was a big fail too? BumRushDaShow Jun 2012 #2

+1 Dawson Leery Jun 2012 #3

InTrade, Sir, Is No More Reliable Than The Line At The Track.... The Magistrate Jun 2012 #4

"I got the horse right here, the name is Paul Revere..." Ikonoklast Jun 2012 #6

Thanks For The Reminder, Sir, That Is a Favorite Bit.... The Magistrate Jun 2012 #8

A True Piece of Americana, and one of my all-time favorites. Ikonoklast Jun 2012 #10

LOL BumRushDaShow Jun 2012 #9

Proud Liberal Dem

(24,464 posts)

1. The headline really should be:

Reply to cthulu2016 (Original post)

Thu Jun 28, 2012, 12:54 PM

Jun 2012

The teabags disintegrate.

Ikonoklast

(23,973 posts)

5. Headlines should read:

Reply to Proud Liberal Dem (Reply #1)

Thu Jun 28, 2012, 01:09 PM

Jun 2012

KOCH BROTHERS RUSHED TO HOSPITAL."

"Sources say that spending hundreds of millions in losing effort to derail Obamacare left them in state of shock."

"David Koch was seen wandering the street half-dressed mumbling to himself, "Teabags, teabags, teabags...."."

Proud Liberal Dem

(24,464 posts)

7. Good one!

Reply to Ikonoklast (Reply #5)

Thu Jun 28, 2012, 01:20 PM

Jun 2012

+1

I really hope to see a headline like that the day after President Obama's re-election!

BumRushDaShow

(130,122 posts)

2. Looks like Intrade was a big fail too?

Reply to cthulu2016 (Original post)

Thu Jun 28, 2012, 12:57 PM

Jun 2012

I saw someone post last night that Intrade was running 78% unconstitutional.

Dawson Leery

(19,348 posts)

3. +1

Reply to BumRushDaShow (Reply #2)

Thu Jun 28, 2012, 12:59 PM

Jun 2012

The Magistrate

(95,270 posts)

4. InTrade, Sir, Is No More Reliable Than The Line At The Track....

Reply to BumRushDaShow (Reply #2)

Thu Jun 28, 2012, 01:02 PM

Jun 2012

Ikonoklast

(23,973 posts)

6. "I got the horse right here, the name is Paul Revere..."

Reply to The Magistrate (Reply #4)

Thu Jun 28, 2012, 01:13 PM

Jun 2012

"And here's a guy that says that the weather's clear
Can do, can do, this guy says the horse can do
If he says the horse can do, can do, can do."

I'll take Nicely's advice over Intrade hacks anyday, at least he has a system.