CI just took a rollercoaster ride over the last year. One minute you’re in the 340 club, next you’re smacking straight into 258.62 like a Looney Tunes character into a wall. Right now it’s chilling at 272.60 but if you look at how many times this thing bounces after a faceplant, it almost feels like it’s got a trampoline built in.

I’m calling this bullish, but it’s not diamond hands forever. My target is 320.00 and I’d honestly be happy to yeet it there in the next 10 weeks. CI’s core business actually still spits out cash, and after that hard dip in November they did some cost cutting and got their act together. People love acting like healthcare is dead money but nah, those contracts renew and they sneakily jack up premiums every year (thanks, Cigna).

But before you get too spicy and start chanting “to the moon,” here’s the big risk if we get another surprise regulatory tweak or they guide down on medical cost ratios next quarter, this will absolutely get backhanded into the 250s again. That’s the caveat: you need the next earnings to not be garbage.

The forward catalyst: their next earnings in about 2 months and any commentary about membership growth or MLR coming in better than feared. If they even hint at some stability or outperformance, market’s going to FOMO this thing back up. Not a forever hold but for now, I’m hitting the horn for the next bounce.