I’m delighted to report a rare instance of me not completely screwing up. You see, I am long puts in UNH, and they are up 90% so far. I came THIS close to take profits today (arrow) but slapped my hand away, because the stock hadn’t done anything wrong. There were all kinds of reasons in my head as to WHY I should get out, but, for once, I managed to control myself and stick with it. You can imagine my relief when, just minutes later, I saw this sucker plunging.
What’s particularly stupid is that these puts expire NEXT YEAR, so I don’t know what level of mental retardation I’m experiencing (or, more accurately, cowardice) to want me to leave them, but suffice it to say, this is a rare victory for my self-discipline.
UPDATE: I did this post earlier in the day when the was down hard. Irony of ironies, the stock closed strong today, so I’m starting to wonder if a lack of discipline might not be a virtue! Oh, well.
