Somebody yesterday called it as the entry point. Looks like they were accurate.
There really isn't any scandal, just a lot of institutions rotating out of the stock because healthcare stocks typically underperform during hot economies. Just look at UNH performance from 95 to 2000. It was flat while the markets roared. When the markets stumbled from 2000-2005 UNH was a champ and a lot of money was made.
Big institutions are just taking those profits off the table. They are about done and UNH will start a new move soon.
I was fully invested in TIE ,, some so called expert got me out of that one. GOOD LUCK ON UNH ! , I dumped it when it lost its 200 DAY MOVING AVERAGE . I am not shorting UNH , I only go long , I am currently in stocks that are moving up with higher highs . ADM , BTU , PD , to mention a few , however one of my best picks was TIE and I sold it after listening to some expert , what a mistake that turned out to be !
You even mentioning a bong just shows you are young and naive.
UNH is still up 5 fold from 2000 even after the recent correction. A lot of institutions have beeen rotating out this year due to the economy heating up. The options nonsense is just something for the media to talk about and something to scare the retail accounts.
This is nothing more than a correction due to a rotation. Smart people are buying here.