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WellPoint Inc. Message Board

  • blutribe27 blutribe27 Oct 11, 2012 11:06 AM Flag

    Stock up because on VP debate...not a valid reason

    for move up today...look for "sell on the news" after the debates

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    • Something is driving this stock price up. We’ll see tomorrow whether your theory was correct. Their third quarter earnings call has caught my attention. In the past, it usually followed the week after United’s but I see now it has been moved all the way to November, the day after the election. I don’t believe it is a coincidence.

      • 1 Reply to dobrosin2000
      • "Stock up because on VP debate"

        Piffle.

        The stock is up because of two reports [both false, as it turns out] that unemployment dropped to 7.8% and that unemployment benefit claims are way down.

        You can find the articles online very easily. The BLS cannot explain the unemployment rate result. They have however "explained" the drop in unemployment benefit claims as a result of California's reporting its data late. They hadn't notices that until someone read their report and said "huh?".

        You're right about one thing, though. The runup will be over soon. I hope that makes you feel better.

 
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