Thursday, July 21, 2005

MORE PANIC SELLING

WCG

Major sell off of healthcare service stocks this morning, and I sensed keen jerking panic. WCG sold off by more than 15%. I missed last opportunity when it was at $36, and I will not missed this time. Picked some up at $37.25 (could got it a bit of lower if the broker could act promptly). It quickly recovered to $39. This is a pure Medicaid play with high growth potential, good earning growth, strong cash flow. I missed it and felt it is traded with too much premium for me. Now I picked it up with a discount. I love this kind of keen jerking panic actions, although I had panicked a few times myself, last one happened yesterday.

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