Sticking With Wellpoint

Wellpoint is one of my larger positions and I intend to hold it through tomorrows Supreme Court Obamacare decision. I wrote it up a while back on Market Folly. When I bought the stock I did not think that Obamacare would be over turned. I believe the risks of Obamacare are already priced into the stock as it trades at eight times next years expected earnings.

I could even imagine Wellpoint trading higher in a few weeks after a negative decision. The uncertainty surrounding this stock might be a bigger issue than the decision itself. The uncertainty will soon be resolved.

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