RE:RE:Matter of timeThere is no doubt that the WELL chart is in a downtrend or at least drifting downward and that is likely to continue until the end of December. I do not agree that the chart is telling you everything you need to know or that the entire telehealth sector is a bust.
You can trade on the chart and the stock and ignore the company itself; that is a valid style of trading, but in my observations you are unlikely to accumulate great wealth over a series of small trades involving nickels and dimes. If you can do it consistently and come ahead over the course of a number of years, then that's great and you should stick with it. A much more realistic and common (in my view) way to make serious money is to grab hold of a good company in a growing sector and hang on for dear life. I am not fighting with the chart, which I acknowledge is in a downtrend. I am quite open to reality checks and challenges to my view points, but a chart is not my reality check. The chart, for my style of investing, is quite irrelevant.
I have invested in WELL because I believe that the medical/health sector is overdue for a technological revolution and that the WELL management can deliver. And in fact revenues are increasing quite substantially year over year. No one would invest in WELL on a fundamental basis at this stage as its price earnings ratio is non-existent. Its not a complicated bet on the future.
I expect there are very few people who get rich by consistently making a nickel or a dime here and there on the movement of a stock. On the other hand, millions of people have become seriously wealthy by owning shares in a company over several years. If you will object to the reference to AMZN, consider Netflix, consider Canada's Constellation, consider Starbucks, consider Lululemon. I know someone who bought TESLA and has hung onto it for over three years. I think he needs to sell, but it has been a winning formula for him. Everyone with this style of investing has ridden the rollercoaster through the ups and downs of the chart share price action. These people are not delusional for refusing to observe the reality of the the all knowing chart. They have a simple belief in the future of their company, a belief which they share with the founders and CEO of the company, and they get wealthy along with them.