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  • catchingknives1 catchingknives1 Feb 21, 2013 1:45 PM Flag

    Question for longs

    I first bought in on Oct 18, 2012 at 25.87 and doubled my position on Feb 14. My average price is now 26.4. I also bought some out of the money LEAPS and recently some March calls. Yes, this is the first time posting, but I'm not new to the board. I've been reading the analysis for a while and while I agree that there are some strong differences since the last time we beat earnings (most importantly the acquisitions by MMs), I see the catalyst for a huge bump less about earnings and more about news regarding law suits or insurance coverage. There has been drips and drabs of positive news on the insurance coverage front, but I can't see this stock shooting up over 50 unless a significant chunk of the insurance coverage risk being removed. Again, I'm not a short and I'm not trying to muckrake.

    Sentiment: Buy

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