WELL Health Technologies Corp T.WELL

WELL deleted from S&P/TSX Comp Index

[Yamster1440]

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[jdsd0517]

https://www.newswire.ca/news-releases/s-amp-p-dow-jones-indices-announces-changes-to-the-s-amp-p-tsx-composite-index-884929757.html

[LarryBird]

Perhaps the best news for WELL. Shorting that index was probably the best and easiest way to make money Last year. 

[smallcaptdr]

What a kick in the a$$ for any investors who planned on going long I feel for you.  And then you see companies listed on the TSX trading at $0.05. come Monday the shorts will be out and me! This company isnt WELL at all! GLTA  JMHO (always DD)

[Capharnaum]

I'm not sure you understood the initial post. The S&P/TSX Comp Index depends on the market cap of companies, nothing else. It's not like WELL is getting delisted. Eventually, as WELL meets its financial guidance, the share price will move back up (and so will the market cap) and it will be added back to the S&P¨/TSX Comp Index.

[jdsd0517]

you are right, this nothing like getting delisted. however it is a negative because of downward pressure coming from funds that need to sell in order to rebalance portfolios.

[bandit69]

So, just so I understand your genius and my inferiority to you since you're an accountant, it's all positive that: A. they needed a financing (as I said they would need under the guise of acquisitions which was adamantly disputed)) B. they did it with a falling share price which was already under $4 (as I said it would be and my prediction was also adamantly dispputed) C. they did the

[BudFoxx2020]

Lol I was waiting to see who was going to step up and spin this.  I knew it would be one of the three pumping account.  Getting removed from the index is not a good sign.  Monday funds will have to liquidate just like Jsd explained.  And just like I said when they released the Year end financial at the absolute deadline.  It's the beginning of a bad phase.  More

[Possibleidiot01]

Precision Drilling and Pason Systems were once part of the index , then removed , and just again were added back to the index. You might want to look at those charts .

[retiredcf]

Here's the eligibility info. As mentioned, the energy stocks have been on fire so they are now muscling their way onto the index. It's no real reflection on WELL's fundamentals, it's just that healthcare (or in the case of MRE, autos) are weak sectors that are currently out of favour with investors. GLTA  Eligibility Factors Market Capitalization. To be