share price actionLike most others here I have several other holdings. With each I am prepared for and generally assume a 50 per cent retracement, just as a matter of course, at some point in share price history. If you study almost any graph of any stock you will see frequent substantial retracements often exceeding 50 per cent. At the time shareholders would have been experiencing the same panick that others are experiencing here these days. But usually in hindsight these retracements appear inconsequential.
I read recently that Amazon at its IPO in 1997 had a market cap of less than 1 billion. Today it is 1.864 trillion. In my mind, we have a similar opportunity here with WELL. We might not reach the heights of AMZN, but I see at least a ten-bagger for patient investors. Better days ahead for sure. The company is financially sound and in no way facing a default on loans or insolvency, although you would never know that by observing the share price action. Everything, save and except the share price action, suggests a bright future. We can include in that any of the bullish reports and price targets from analysts. If you need a confidence builder, pick your favorite bullish analyst, whose business it is to predict the future, not mope about the present, and re-read it a few times. Looking forward to what the new year will bring.