This page has been archived and commenting is disabled.

Meet The Biggest Losers From Today's Community Health And Tenet Bloodbaths

Tyler Durden's picture




 

Trader therapists everywhere are rejoicing at the bumper crop business CYH longs are about to provide them with. Because the almost 50% plunge in the stock earlier has certainly driven quite a few of the stock bulls to the edge. So just who are the biggest losers? Well, mutual funds of course. But who cares: slow money knows it is there to be raped by the ultra fast churners and packet stuffers on Wall Street so we will not shed many tears of them. On the other hand quite a few hedge funds not only are among the biggest holders of the stock but appear to have been adding quite aggressively. The biggest losers: TPG Axon with over $46 million in losses, Trilogy Capital with over $23 million and York Capital, down $20 million on the day. Alas, the latest attempt to do the old hedge fund gang up on the stock, in which all three hedge funds added massively in the Q4 2010 quarter appears to have been an abysmal failure and whoever presented CYH at whatever idea lunch or dinner was shared among these three funds is about to be black listed from the hedge fund community for a long time. Keep in mind these are stale numbers: the latest holdings update will not come until mid May when Q1 holdings numbers are released. We wouldn't be surprised to see today's totally traumatized troica to have added quite a bit more to their holdings.

And on the other side of the trade, the biggest losers are Shumway (good thing he is unwinding), SAC and... York. Very bad day  for James Dinan so far.

 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 04/11/2011 - 12:16 | 1158020 Exposer of Inte...
Exposer of Internet Shills's picture

Silver Bitchez!

Mon, 04/11/2011 - 12:17 | 1158021 The Axe
The Axe's picture

When long positions act like this POS..on a sell the news item....watchout...

Mon, 04/11/2011 - 12:20 | 1158032 slaughterer
slaughterer's picture

Thanks Tyler: rode CYH up today from the black hole plunge.  Then shorted.  Our fund is currently short 123,000 shares CYH in the upper $29s. 

Mon, 04/11/2011 - 13:41 | 1158312 Bill Lumbergh
Bill Lumbergh's picture

I was in this POS for a trade when it was halted...rode it back up for some dough then exited...right now looks to be gunning for another attack of the critical $30 level.

Mon, 04/11/2011 - 12:37 | 1158043 hedgeless_horseman
hedgeless_horseman's picture

I bet THC will end up the bigger loser of the two after pinning all of its hopes on this acquisition.  Their BATNA is a scorched Earth policy that attempts to force Community to go through with the deal (desperate), but the Feds are not going to forget about these accusations, so the deal will never happen. 

After this stunt, who would ever dare do due diligence with any of the Tenet management team? Stupid to kiss and tell then never ever get a date again, especially when Tenet so desperately needs a good marriage.

No worries about the hedgies, as the classic arb play (long since closed out) would have been to short Community and long Tenet. "Whoever presented CYH at whatever idea lunch or dinner" is definitely going to have a hard time re-explaining his or her bass-ackwards arbitrage call.

Mon, 04/11/2011 - 16:40 | 1159007 topcallingtroll
topcallingtroll's picture

Cyh may be good.for an easy ten percent this next two weeks. The reaction appears extreme, coming from tenant, one of the more abusive.billers themselves!

Mon, 04/11/2011 - 12:25 | 1158046 Beatscape
Beatscape's picture

More medicare & medicaid fraud coming... this is the tip of the iceberg.  Plus, as the lawmakers zero in on these bloated programs for savings, health care sector equities are in for a trimming.

Mon, 04/11/2011 - 12:43 | 1158104 Careless Whisper
Careless Whisper's picture

gold. never. defaults.

 

Mon, 04/11/2011 - 12:49 | 1158118 AldousHuxley
AldousHuxley's picture

healthcare is dependent on government support just like finance sector.

Government says, populace is not working, so not much need for a fancy human repair shop.

Also, government's solution for SS and medicare is death beds not more care and aid.

If you want free meals and healthcare, go to jail. Free gym and cable too.

 

 

Mon, 04/11/2011 - 15:04 | 1158556 Widowmaker
Widowmaker's picture

... as is insurance, as is defense, as is communications, as is real estate, as is farming, as is education, as is energy...

The list literally goes on and on and on, but yet none can figure out why the budget is so bloated...   They just never see it coming.

Shut down government, it's time for a lesson in how to cut.

Mon, 04/11/2011 - 16:35 | 1158993 topcallingtroll
topcallingtroll's picture

Cut cut cut then cut some.more.

The tea.party means.business.

Lets see what inflation.speculators have to.say after the.debt limit debate.

Mon, 04/11/2011 - 12:58 | 1158156 americanspirit
americanspirit's picture

The only thing more refreshing would be to see a few of these guys actually taking the big jump from, oh, say, 50 stories up.

Mon, 04/11/2011 - 13:19 | 1158256 mogul rider
mogul rider's picture

banksters giveth, banksters taketh away.

Soon to a silver market in your neighbourhood. Bloodbath coming

Mon, 04/11/2011 - 14:04 | 1158386 internethobo
internethobo's picture

Yet JPM's stock price keeps going up....

Mon, 04/11/2011 - 15:03 | 1158560 Widowmaker
Widowmaker's picture

Listen pissboy, it's good to be TBTF.

Organized crime at it's finest in broad daylight.

Mon, 04/11/2011 - 15:24 | 1158656 AldousHuxley
AldousHuxley's picture

Obama's agenda setter is from JP Morgan. The same Morgans where Morgan Stanley split off from, financed Thomas Edison, underwrote GE (another American tbtf), created Federal Reserve System. Just like royalty is still alive in Europe, American industrialists are still flexing their century old power till this day.

 

see history repeating...

THEN: http://upload.wikimedia.org/wikipedia/commons/d/d7/Morgan%2C_Sam.jpg

NOW: http://www.reuters.com/article/2011/01/06/us-obama-staff-daley-idUSTRE70...

 

 

 

 

Mon, 04/11/2011 - 16:21 | 1158930 topcallingtroll
topcallingtroll's picture

Commie

Mon, 04/11/2011 - 16:30 | 1158971 topcallingtroll
topcallingtroll's picture

In healthcare the hysteria toward an out of.control government is so extreme that as soon as fraud is yelled in a crowded waiting.room everyone rushes for the exits. The paranoia about medicare investigators going on witch hunts borders on psychosis.

I used my money from selling gdxj and vde.today at their midpoint and bought cyh at average 25.65

It may sound crazy. We will see. The reality of fraud is usually far far less than the initial hysterical reaction suggests.

Now i wont be able to focus on work tomorrow. I have never taken such a huge position before. However health care goes completely insane when fraud and medicare are used in the same sentence.

Getting out as.close to thirty as i can stand

Mon, 04/11/2011 - 22:46 | 1160239 luckly123
luckly123's picture

Today world babyliss straightener leading professional babyliss pro hair styling brand chi flat iron ghd announces pink chi flat iron the signing of chi hair dryer music sensation chi nano Katy Perry as ghd comb the new face ghd hair straighteners of the brand pink ghd hair straighteners. Working in close ghd iv styler hair straightener collaboration with ghd mk4 indisputably one of ghd purple the most talented new ghd rare women in music instyler rotating hair iron today, the association instyler rotating hot iron will kick off over t3 flat irons the next few months t3 hair dryer with an exciting t3 evolution hair dryer new multimedia bose headphones global brand monster headphones campaign recently monster beats by dr. dre headphones shot by world ghd straighteners renowned photographer hair straighteners David LaChapelle.GHD ghd store Qatar Manager Michael Kemp life electronics commented, "We are honoured to be recognised for a project that we have seen come to life from initial conception over the past few years.

Mon, 04/11/2011 - 22:48 | 1160253 luckly123
luckly123's picture

Jersey City,nfl jerseys -- jerseychoice2u.com featured an mlb jerseys online attraction nhl jerseys system that can football jerseys provide help to nba jerseys people who are 2010 world cup looking for NFL Pro Bowl Jerseys the hottest girls pro bowl on the Internet cheap jerseys . The Online jerseys for cheap Game Internet Attraction cheap nfl jerseys System is the new youth nfl jerseys system that hockey jerseys will surely be Reebok jerseys a big hit to people dallas cowboys jersey who want to meet hot minnesota vikings jersey and pretty girls philadel phiaphillies jersey online.For men who new yorkmets jersey want to look for the best cincinnati reds jersey way on how to attract milwaukee bucks women, jerseychoic2u.com is probably atlanta hawks jersey the best place san diego chargers jersey that they can denver broncos merchandise look out. Recently, kansas city chiefs merchandise this website featured a new online attraction system that can provide help to men who want to meet the hottest girls on the Internet.

Jersey City,nfl jerseys -- jerseychoice2u.com featured an mlb jerseys online attraction nhl jerseys system that can football jerseys provide help to nba jerseys people who are 2010 world cup looking for NFL Pro Bowl Jerseys the hottest girls pro bowl on the Internet cheap jerseys . The Online jerseys for cheap Game Internet Attraction cheap nfl jerseys System is the new youth nfl jerseys system that hockey jerseys will surely be Reebok jerseys a big hit to people dallas cowboys jersey who want to meet hot minnesota vikings jersey and pretty girls philadel phiaphillies jersey online.For men who new yorkmets jersey want to look for the best cincinnati reds jersey way on how to attract milwaukee bucks women, jerseychoic2u.com is probably atlanta hawks jersey the best place san diego chargers jersey that they can denver broncos merchandise look out. Recently, kansas city chiefs merchandise this website featured a new online attraction system that can provide help to men who want to meet the hottest girls on the Internet.

Mon, 04/11/2011 - 22:51 | 1160258 luckly123
luckly123's picture

It is enough designer shoes to make a grown shoes online woman cry.Top European designer shoes on sale, worth thousands high heels of dollars; remain in christian louboutin boxes and just out christian louboutin pumps of reach up a christian louboutin sandals quake ravaged christian louboutin mary janes retail store.3 News christian louboutin very prive was warned some christian louboutin platform pump women are already christian louboutin slingback talking of using christian louboutin men ladders to get christian louboutin heels at them.It christian louboutin boot would take more ysl than the highest yves saint laurent pumps stiletto heel yves saint laurent boot to reach them yves saint laurent shoes .Box after box,gianmarco lorenzi pumps containing top gianmarco lorenzi designer shoes from giuseppe zanotti boot Italy, Spain giuseppe zanotti platform and France have been given red stickers.

Do NOT follow this link or you will be banned from the site!