I think everyone way over reacted, this should not have dropped like this. I think the drop set off sell triggers and then pushed it way down. Thinking this will have a good bounce tomorrow , I hope..
You are forgetting something. The rest of the insurance companies that are beginning their Due Diligence right now as a result of Aetna's actions ..
$QCOR single digits by EOY ~ Good luck I do feel for the longs here and the only suggestion I can give is to buy some put protection on the next bounce .. This is a Bio-Pharma and this type of insurance news crushes them all the time IE : Denderon