We can hope, but I'm kind of getting a bad feeling. changing my projections for the week to a high of 58.5 and low of 54.25. With that said am I smart enough to take some profits at 58? probably not, and I think I will end up kicking myself because I am greedy and want to see 60's.
I'm going to hold through earnings. They have beat the analyst's number for 14 quarters straight, we are definitely in a bullish mode, the company is stronger than it ever was and yet the market capitalization is just 2/3 of what it was in 2005, even though we have had pops and dips on the conference calls the trend has been ever upward for three solid years. There are lions and tigers and bears waiting behind every tree but Hemsley seems to be a competent manager leading us down the yellow brick road towards new highs....... There is no doubt that first quarter 2011 offers a tough comparison but I think most people will recognize that the prior period positive reserve development wasn't something that we could hang our hat on. Within a month we get a new 2012 dividend level..... If they pop it 30% again (21 cents a share or so) the share price will react.... The Pacificare matter is in some sort of remission, they met last (with the administrative law judge)around 4/10 and the next meetings are scheduled for 11/15 and beyond... I hope we don't get some sort of headline risk out of those folks over these months. Over the next two days I'm going to try and keep my mind off UNH..... Good luck Steve