Today we learned of a $1 trillion tax increase and a $650 billion down payment to overhaul the health care system. The health care stocks didn't like what they heard so they sold off with reckless abandon. Here are some names to keep an eye on in the coming days and weeks ahead. Some will be continuations lower but some will bounce, that's when you shoot them. I will keep an eye on these on twitter and will update. For the time being the best way to play is probably through the ETF which is posted to the left. If anyone knows of a double short for health care please let me know. The hits just keep on coming.
Thursday, February 26, 2009
Healthcare Needs a Medic
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
2 comments:
rxd-ultrashort health care
I found RHO (http://etf.stock-encyclopedia.com/RHO.html), but it doesn't look like it has much, if any volume to it :(
Also
RXD-Short healthcare 2X
RXL- Long Healthcare 2X
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