Help regarding UNM

Discussion in 'Fixed Income' started by simba0020, Sep 4, 2021.

  1. simba0020

    simba0020

    Hi, I bought UNM for 30.00 USD each and now the price is below 25.00.

    What did I do wrong? Thanks
     
    Bastion_01 likes this.
  2. Fonz

    Fonz

    Since the peak of UNM in June, quarterly results were announced.
     
    simba0020 likes this.
  3. simba0020

    simba0020

    Hey the results were good, right? That's why I don't understand why UNM doesn't rise :/
     
    Last edited: Sep 4, 2021
  4. Fonz

    Fonz

    If we are taking about Unum Group, please Google the ticker UNM and check the financials.
    Best!
     
    simba0020 likes this.
  5. Sometimes things that you think will moved a stock are “priced in”.
     
    simba0020 likes this.
  6. You 1) assumed that you can predict the market, and 2) you're surprised that you couldn't - which leads to 3) you didn't test your assumptions with paper trading 4) over a time period long enough to convince you that you either have an edge - or 5) don't.

    If a $5/share loss times however many shares you bought convinces you to actually learn these lessons, it'll be the cheapest schooling you've ever had.
     
    simba0020 likes this.
  7. simba0020

    simba0020




    Hello together.

    Thanks for the lesson. But can you "please" help me to better estimate the position? My thought was, a solid company that has low growth but consistent. According to Fastgraaph totally undervalued

    [​IMG]
     
    Fonz likes this.
  8. destriero

    destriero

    You bought it $5 points higher... you're asking all the wrong questions. You seem pretty green so perhaps you should stick to managed funds/ETFs.

    It's an insurer, so it should be in the "stocks" forum.
     
  9. Fonz

    Fonz

    Simba,
    I really didn't want you to feel that I try to teach anything.
    You asked "what did you do wrong?". I just wanted to show that quarterly results are to be followed when investing in companies.
    So again, just check the last Quarterly most important numbers from UNM and you will see what I am talking about (Easy on Google finance:. UNM ticker, and then financials).
    I suspect that if the stock market was not that bullish since June, UNM would have been badly beaten.
    Best!
     
    simba0020 likes this.
  10. ph1l

    ph1l

    Maybe the price drop has something to do with prior knowledge of UNM being moved from S&P 500 to S&P 400 Midcap on September 20?
    https://finance.yahoo.com/news/match-group-ceridian-hcm-brown-225500385.html
     
    #10     Sep 4, 2021