RE:RE:iPhone 📱 This is a very good analysis. I would like to illustrate it with a conversation I had with my Doctor shortly after I invested in WELL over a year ago. He is in a clinic I thought would be a target for businesses like WELL that are consolidating and modernizing the old medical system model. What I got was a version of the statement:
"in Canada Canadian doctors will not be quick to give up their total control of their patient’s health information".
It included where he shared a conversation with a younger person who was excited about the opportunities that the new technology offered as the clinic was being approached to join the new movement. He shared how he angrily put this person down and told me that he and his doctor friends had no desire to give up what they have. It explained a lot about how he doles out his advice on how to manage my health...piecemeal. The way the rules are written, you only get to discuss one medical condition per visit as opposed to the new age medicine model where addressing health is with a team approach that addresses a patient's health from a whole health format.
Younger people are now becoming the demographic that rules the economy and business and how each are managed. They are demand in the demand/supply interaction. They embrace the new technology and the new model. TTT...Things Take Time. WELL and the other new approach medical companies definitely are disrupting things and running into resistance. The old guard are everywhere in the system and somewhere this shorting figures in with their resistence. At the very least traders who play the shorting tactic are just using this situation to make money in the moment.
As an Economist, the theme I repeat often is that established systems and groups can try to hold back the tsunami of pressure that a change in demand brings. However, they can only hold it back for awhile. The longer they hold it back the more pressure builds and that makes for a larger tsunami when their barriers/dams break down.
Things like having medical information and tests available via your iphone is a level of pressure building on recently being able to see test results before the doctor via apps and on your computer directly from the labs. I don't know what the breaking point will be. I was in early on WELL but I still have not yet used their services. I am not sure what will be the trigger but I am very close to taking that step.
You said: "should the shorts lose WELL is poised to move higher." Economics says that this is not a matter of should the shorts lose it is a matter of when.