United Health Update (NYSE: UNH)

I sold into some strength on Friday a portion of my position in United Health (UNH) to fund my purchase of Titanium Metals (TIE). UNH had another outstanding quarter. So far the trade has paid off. I plan on buying back my position in United Health at a lower price (closer to $54). If you look at the chart, the stock is in a major upward trend, but has pullbacks. If it pulls back to $55 I would consider buying back my position and even adding to it.
United Health remains one of my stock picks for 2005-2006 with a target price of $60 (split adjusted).