RE:RE:Short Report - Huge Increase from Nov 15 to Nov 30!Duediligence33 wrote: This massive of an almost doubling of the short position in 2 weeks gives credence to my belief that the price slide was not normal tradi g but an orchestrated algorithm bid attack by nefarious hedge funds up to something. Maybe they work for an entity that will make a bully buyout offer at bargain prices or just plain profiting when they cover and go long in their subsequent run up. I have seen this happen with other companies and in my 40 years investing (I am 71) I personally know traders and brokers that DO THIS for a living. The company has sound credible management that will build and is succeeding. They can get to much higher valuations after the 70 million debenture is utilized as well.as the rest of the 500 million shelf. Hang in and don't let the manipulators shake you out. NO insider has sold and they are in ar much higher prices with personal investments.
thanks for reaffirming my investment thesis here. i work in the industry and have seen these kinds of shake outs on small/mid cap stocks often. the company's financial position and ability to make recurring sales revenues is very sound.
had this drop been precipitated by bad news, I would be worried, but the market just doesn't realize that WELL is
NOT a pure play telehealth company.
this is the largest short position I've seen on the stock and the largest increase in the short position I've seen since following the name. it's still a minimal amount of shares O/S, but with WELL's average daily volume around 1MM or so, it's very much a healthy sized short.
I applaud everyone that has held through this - it's hard sometimes.