RE:For some reasonOr it could be raining in Indonesia.....
The share price does what it does, and every once in a while, it crosses it's line of "approropriate value".
If you take out what you and I both know about it's future potential and growth, then it is actually overvalued right now, some may even say severely overvalued...... But looking forward a couple years, I would consider it to be severely undervalued.
If you buy low enough, and you feel derisked enough to know where it will be within your time window, and you can hold between those two times, you will make money, maybe even crazy money with investing......But let's throw ALL of our short term price predictions in the garbage where they belong.
I feel WELL should be between $5 and $10 right now. I feel it WILL be between $10 and $40 in the next 24 months.
I would not be surprised at all if it dropped to $3.50, and I would not be surprised if it jumped to $12.50 short term, like, next month.
The money is made in knowing which of those spots is a buying opportunity, and being good at the long term future valuation. You get paid to hold in the meantime, lol!
WELL is a good company, and it's stock symbol will do what it does. I am heavily invested, and although I am not adding right now, I definitely wouldn't shy away from it I wasn't buying into other opportunities right now.
Cheers!
OnlyOIL wrote: we are not yet at the level we should be.....$8.50+. It could be some of the big houses are rearranging there portfolio's as soon as they are finished getting as much WELL as they can in that portfolio, WELL will take off again and may not come back below $8.00 ever. So for now it's forming another base I guess.