I opened
$UnitedHealth(UNH)$ ,
As Warren Buffett says the lower the price of a stock goes, the safer it becomes as an investment. The higher the price goes, the more risky it becomes.
However, this only applies to high quality businesses with pricing power, a durable economic moat, with a cheap valuation. Current PE at 13.
Why I bought it? Same reason as why I bought META at $88 in 2022 when everyone say it has no hope already. PE for META was $8 back then.
ATH: $680, current: $318. (-53%)
Will continue to add more if the share price drop below $300. not a recommendation to buy and please do not buy it. DYODD.
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