Post by
Smokey1958 on Jun 16, 2022 8:15am
Manipulation....
....is the only reason WELL is not trading based on fundamentals. Yesterday is as good an example as any. Almost 2000 trades on a volume of ~ 650,000 shares is an average of 325 shares per trade. Recognizing that there are a few that are higher you have hundreds of trades at volumes of 100, 200 and 300 shares. While this is complete BS it is a fact. Unfortunately there are numerous mid cap stocks trading like this ...and all based on a regulatory system that fails to protect anyone but day traders.
The good news is that MOST, but not ALL, of the time there are corrections. In the meantime those that control its downward movement also control it going up. Any basher or naysayer that tries to pin this on the company does so without a shred of evidence.
GLTE ...holding long!!!
Comment by
Smokey1958 on Jun 16, 2022 8:21am
Actually, I'll correct myself. The regulations on these exchanges don't protect anybody which creates a "field day" for day traders. This is a uniquely NA problem as regulations that once protected long investors were removed. This does not happen with, for example, European exchanges.
Comment by
Noshortsallowed on Jun 16, 2022 9:05am
All thanks to campaign financing and the outsized financial industry lobbbying that happens. Conservatives and Corporate Liberals are equally to blame.