RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Technicals BudFoxx2020 wrote: Why take a position when the stock is still making new lows every other day. If I did that, I would have been buying all the way from breaking new 52 weeks low $6.50 and down. It makes no sense to me. I would have been sitting on a big loss in a short time for no reason. As a matter of fact that was where my last position got stopped out. Do I believe in the company yes, do I think the share price should be a lot higher, YES. But why fight the market trends, when the markets believes it should be lower. No one can predict the exact bottom but you can definitely spot when the share price stops dropping. There will always be a price when share price just refuse to go any lower because of strong support from buyers. We haven't seen that in WELL yet. It just made a new low yesterday. Once I see that support in the pattern I will start buying. I believe we should start seeing that heading into the next earnings. Cheers.
Like I said, I don't check on every day. Sometimes, if I'm busy, I may be weeks between checking prices. So, I'm likely to miss "the bottom", even if I was able to identify it.
I mostly own convertible debentures of WELL at 5.5% return until 2026, with potential upside if the price ever shoots up or if they get bought for a significant premium ($12+).
However, once the stock price dipped under $5, I thought that it was just too cheap to pass on, so I added an initial positiion in common stocks. I'll likely double every 15% down from there. I think they are likely to meet their runrate in 2022, which if they do will see the stock price move to at least over $5, with much higher upside potential than that. So, if that happens, I'll have a good average price even if it's not the bottom, as I can't really time it myself (and props to you if you can and enter in with a full position).