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Laboratory Corp. Of America: Shareholders Don't Like What's In The Shopping Trolley

|Includes: CVD, Laboratory Corporation of America Holdings (LH)

The share price fell 7% yesterday on news that the company would buy Covance Inc. (NYSE:CVD). That made it the biggest loser for the day on the S&P 500. With Covance shares jumping 25%, three guesses as to who the winners were.

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Unfortunately, we only added the company to our Active Team (Growth Strategy) on Friday with yesterday's close making for a quick 3% loss already made on the investment. We won't be selling, though, until a Sell alert is generated for the stock. That could be in the next few days or in several months if the price reverses upward from here.

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We just don't care what's been announced, or what value people put on a company, we simply make our buy and sell decisions based on what the share price is doing. We stop losses early and never sell a stock with a rising share price - no matter what the value is.