Moore goes to wallstreet

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Article Submitted by: pharmaking
Stocks - Options - Mutual Funds

I heard on the news today that Michael Moore is encouraging people and funds to sell all of their health insurance stocks

Submitted: Jun 28, 2007 Views: 358 Comments: 3 Likes: 7

Michael Moore is apparently going to Wall Street today and encouraging all Funds, and independent investors to sell their health insurance holdings.

I certainly don't like dealing with the insurance companies, and do think they are part of the problem in healthcare today. Selling their stocks isn't a way of adressing the issues.

What it may do though is to create a short term drop in the value of these stocks while not affecting the real value of the underlying assets- i.e a buying opportunity. I will be buying stocks like UNH-United Healthcare- this afternoon on any weakness.

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Comments Received:

JRubinstein

There will be no buying opportunity at least not today.

Main Street may respond to Michael Moore, but Wall Street will not.

Posted: Jun 28, 2007

PhilR

I doubt that Michael Moore will have a ripple of an impact on any of the stocks he is targeting. I wouldn't count on picking up any discount.

Posted: Jun 28, 2007

pharmaking

Looks like you guys are right. UNH is up today. At least some people see through Moore's rhetoric.

Posted: Jun 28, 2007

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