Post by
speedy99 on Sep 18, 2021 2:36pm
most active stock list
Nice to see WELL on the National Post list of most active stocks - based on the high volume trading at the very end of the day on Friday. We will see WELL popping up more in ferences and lists by mainstream media now that we are part of the index. The high volume at the end of the day portends well for Monday and the volume going forward now that we are part of the index. It may have an impact on WELL by bestowing a level of credibilty, just as the move from the venture exchange to the regular TSE was significantly positive for WELL. But hopefully on Monday we will have a little taste of what the future holds when we get a NASDAQ listing. The end of the day volume was simply MASSIVE, and the last bout we had with high volume was 3 million, but that was spread out over the space of the entire trading day. So who knows what we are going to experience on Monday.
Peter Hodson, in his column today in the National Post, spoke out against price targets by analysts, saying they often encourage excessive trading and set up a case of FUD (fear, uncertainty and doubt.) Then he made this point with an excellent example: "Need more proof? How about this quote from an analyst's report in 2011 on Amazon.com Inc.: 'Despite Amazon's outstanding fundamentals, its stock is overvalued and over loved.' The report had a US$125.00 per share target. Sure, it's been a decade since then - not really that much time in market land - but Amazon today is US $3,466.00".
Although he was not mentioning WELL in his commentary, I think the comparison to WELL would be apt. In retrospect it shouild have been obvioius in 2011 that Amazon was going to be a powerhouse. Just, as now, it should be obvious that WELL will be a powerhouse in the years to come. And remember that there would have been doubters and ups and downs in the share price charts for Amazon during the ten years in its climb from $125.00 US to $3,466.00 US. Learn from history.
Comment by
reader4 on Sep 19, 2021 10:39pm
Agree with everything said. Peter Hodson of 5iResearch, as noted by retiredcf, has been a propenent of WELL for a long time and has included it as one of their top picks for a number of years. Considering the track record of the management team, I'm confident the growth story for this company is just starting.