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July 28th, 2009 at 1:44 pm
Hey everyone,
So on this trade we obviously are looking at holding this now that the market has not moved back up like I had hoped. However, I still think this is a great stock. You might hedge your position at this time in it by buying some more at this low price or get in if you have not. The stock has earnings on Thursday, and with the market being down today, as I am a bull, I think tomorrow we will see money flowing into the market. In fact, I would not be surprised if the market jumps up some from these numbers towards 4 PM.
With those earnings coming out Thursday and how well the HMA earnings were, investors would be dumb not to expect a company with a very similar business model and market cap to do something similar. I think buy in now and be happy with a nice 2-3% increase whether it be today or tomorrow. Watch this thing in after hours too. Might see some movement there.
Stock is getting good volume, which means investors are seeing what I am seeing and that is the direct correlation between HMA and CYH.
David Ristau