RE:VolumeSo exactly what are you saying. Lol. You are saying it has bottomed, it is in the process of bottoming but you don't know and won't bet on it, all in the same sentence.
Anyways, like I have already said before, $6.50 was a huge support for the past year. I said it wont' hold. Once that went, it just confirmed the start of the downtrend. $6.20 confirms the downtrend. Breaking $6, which it will, will accelerate the downtrend. Then it is just a matter of trying to predict where the bottom is. Just look at Tdoc, it has been in a death spiral and still trying to find the bottom. Always follow the market trend. The markets are always right. Well is hitting 52 weeks low, the markets are trying to tell you something. That means the shorts knows something is up and the sector hype is done and people are just taking profits. Well is still up 600% in 2 years for people that got in early. For people that got in late, you are just holding the bag for people that got in early. I am sure Well will eventually find a bottom and turn around but not anytime soon without a big catalyst. There is no money in this sector at this moment. So forget about takeover. As an investors you should always be rational, holding on blindly is not a sound investment advice. Wait till the fed hike the interest rate, what do you think will happen to the markets and especially stocks that are hitting new lows. And please don't compare this to amazon, this is nothing like amazon. Once again, I base my post on real life experience in the markets, not on hopes and dreams. I am not bashing just sharing my experience and I can be completely wrong. Just look at what I have posted and look at the share price. Once again, my post is not an investment advise. I never tell people to buy, sell, hold, average down, etc. Good luck everyone, hopefully it turns around soon. But based on the charts, the odds are not good. Cheers, just my 0.02 cents.