SPRING TRIMING AND PLANTING

HRAY / UNH

Trim some HRAY here to take advantage of this rally, another even trade. I now reduced the exposure to HRAY significantly with two trades in the last few weeks. With the proceed, I added some UNH, which has been under tremendous pressure, due largely to some insiders selling and downgrade from Goldman this morning. I thought at this level (55), UNH represents good value, not to mention in the right sector. I still believe it will see a "7" handle by the end of this year, for a 20%+ return. I felt pretty comfortable of holding UNH, particularly in this range-bounding market.