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I agree that we are still in a decent place from a technical point of view, as long as your perspective encompasses more than a week long span, and the fundamentals look great on a go forward basis. But certainly if someone is trading from a technical perspective on a short term basis, WELL is not a great candidate at the moment. Not much happening, and another low volume day. Not sure you can even target the $7.10 re-entry point that OnlyOIL has.
So many potential events to happen this year. I want to be around to be part of it, and one simply cannot predict when these events are going to occur. I think we will see some upside surprises on earnings in any number of divisions. We still have lots of money to spend on acquisitions (50 mill I believe) and we are told a US listing, probably Nasdaq in a few months.
Looking out longer term, I am excited about 5G. I have a number of other investments based on the impact that 5G will have. I would certainly include WELL in this category. Once 5G becomes available throughout the world its going to dramatically accerlate the ability of Well to do what it does. The transfer of extensive medical records from New Zealand to B.C. will be accomplished in a second. Sharing of expertise amongst various professionals within different parts of WELL will not be given a second thought and will occur instantaneously. An there will be all sorts of applications developed and used by WELL that we had not even thought about pre-5G. I find these kinds of things much more interesting to consider than watching the buying and selling of shares on a day to day basis. There is a site called Canada Bulls where you can plug in your particular stock and determine whether it is a buy or a short. Every stock will show a history of going back and forth between buy and sell. It might be helpful to determine an entry or exit point, but anyone who attempted to follow this site's direction and buy and sell as frequently as is suggested would surely lose money with all the transaction costs. You would end up always trying to follow the crowd, and always being one step behind. In the case of WELL, knowing what we know now, if you owned it at $2.00, the advise would be to buy it and hang on until at least the Spring of 2021. You would not advise to buy, sell, buy, sell, etc all the way up. It would be impossible advice. If I was certain that the share price would sink to $7.10 and then resume its upward trend, then sure I would do what OnlyOIL is doing. But I can not so confident. I would give it 50/50. Ultimately, though I am confident that our earnings are growing and that earnings will drive the shareprice upward, and consequently, the share price will be far higher than where we are today, far higher than the $12.00 predicted by OnlyOIL in two years.