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CVS Health Corporation Message Board

  • cmc587 cmc587 Jul 18, 2008 1:07 PM Flag

    Reference volume and immediate performance impact-PLUS

    take a good look at the PBMs and "Plans" (UNH, COV, WLP, HUM, etc.). Yes, something is "up" and it does not appear to be significantly retail. Why? Because sector-retail has "followed the market" for the most part. However, as the '08 Fed program before Congress/and in workout has been playing out, first, the "Plans" got walloped. This appears to be trickling down to the PBMs. Why do I think so? Because the PBMs started to "pattern fall" with MHS, the "stand alone" PBM, leading the pack down- but CVS/Caremark was bolstered by retail pharmacy impact. ESRX is not as dependent on the Plans and its fall was also slightly moderated.
    WHY THE ATTACK TODAY: (1) it seems not to be an institutional thing because volume is really light for such a radical drop. BUT-
    (2) the fact that CVS did not participate in the huge2 daycorrection, IMHO, has frightened off the "retail stock buyers" and is causing some "timid-driven" retail stockholder selling.
    Now, this is my opinion but the facts seems to bear it out. If I am correct, I would expect at least a 60% recovery by 3:30 and a sell-off a bit thereafter with the buy-back preserving the loss-cut until then.
    IN ESSENCE: CVS' recent stock performance has had a bad impact on the retail part of its stock trading. The only stop gap is "bargain hunting" amongst smaller funds (like a Huntington Bank) and the CVS buyback until earnings begin with MHS on the 24th.
    I DO NOT PARTICIPATE IN GUESSING GAMES WITHOUT A TECHNICAL BASIS AND, THOOSE WHO ONCE PROVIDED RELEVANT FACTS ARE LONG GONE, LEAVING BEHIND ANTAGONIGATION BETWEEN WHAT USED TO BE FRIENDLY "PROS" AND FRIENDLY "ANTI'S." Now there is bitterness-sad!
    Warm regards to all and had anyone heard what happened to any of the old CMX posters?

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