A diary of the thought process behind my investment decisions
Adding and Subtracting
I added to my Wellpoint position after earnings came out roughly inline with estimates. The company trades at nine times expected earnings and is repurchasing roughly 3% of shares outstanding each quarter. After adding to Symantec yesterday and Wellpoint today, I shorted the QQQ to hedge out my market exposure. I believe tech will underperform in the coming months, as it is the most loved sector out there and due for a rest.