UnitedHealth current drawdown

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Hello, I have recently started a position in UNH, following the recent drawdown. I only started with a small position as I expected the stock to continue to go down in the short term with the negative media coverage. Despite my expectations that the stock would contine to decline, the rate (since I bought) has been staggering. I am planning to my position, would it be wise in your opinion to wait until the media frenzy dies down a bit or just bite the bullet now despite the uncertainty (and very likely continual decline in stock price, especially with the upcoming trial) since in the end of the day I am a long term investor.

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Asked on December 18, 2024 6:26 am
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Long term I believe all of this stuff will simply be noise. This is a rock-solid company that is trading nearly 20% cheaper in just a matter of weeks due to a media frenzy.

Trump has stated he plans to bring down medical costs by eliminating the middle man (that being health insurance companies, partially). However, he loves to talk the talk and I'm not sure how he can get rid of companies like this that provide essential services to many Americans to be able to afford care in a system that is no doubt broken but unlikely to change.

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Posted by Dan Kent
Answered on December 22, 2024 10:49 am