RE:RE:RE:RE:RE:Technicals Speedy, just look at the charts, stop looking at other things and trying to apply it to the charts. We are looking at charts not condos. You are taking it out of context. It is that simple, WELL was in an uptrend in 2020 and then the trend has reversed and it has been in a strong downtrend since. THAT'S IT. Been telling the board to go with the sentiments and always keep a stop loss since $8+. In 2020 it was hot and I was a big pumper, but in 2021 once vaccine roll out started and lockdown ended the sentiments changed. I started becoming bearish and changed my strategy accordingly. Like I said already, I can buy back today and right now if I wanted to at a 50% discount. What does holding one year or 5 year or 40 years have anything to do with it. I did not miss anything. Once sentiment is in favors of the sector again, I will be buying and cheerleading it on. Anyways, be realistic with the postings. Monty keep saying nothing has changed, are you serious. Share price has changed, it is trading at new lows. Open your account and have a look. That is all it matters, the share price, we are all here to make money first and foremost. Once the sentiments change and the share price start trending upward, you start buying, I know I will. Simple as that.
Once again, I am here to just share my experience so that we can all learn from each other. DON'T TAKE ANY OFFENSE TO MY POST. BudFoxx2020 - (11/23/2021 11:12:55 AM) BudFoxx2020 wrote: Anyways, like I have already said before, $6.50 was a huge support for the past year. I said it wont' hold. Once that went, it just confirmed the start of the downtrend. $6.20 confirms the downtrend. Breaking $6, which it will, will accelerate the downtrend. Then it is just a matter of trying to predict where the bottom is. Just look at Tdoc, it has been in a death spiral and still trying to find the bottom. Always follow the market trend. The markets are always right. Well is hitting 52 weeks low, the markets are trying to tell you something. That means the shorts knows something is up and the sector hype is done and people are just taking profits. Well is still up 600% in 2 years for people that got in early. For people that got in late, you are just holding the bag for people that got in early. I am sure Well will eventually find a bottom and turn around but not anytime soon without a big catalyst. There is no money in this sector at this moment. So forget about takeover. As an investors you should always be rational, holding on blindly is not a sound investment advice. Wait till the fed hike the interest rate, what do you think will happen to the markets and especially stocks that are hitting new lows. And please don't compare this to amazon, this is nothing like amazon. Once again, I base my post on real life experience in the markets, not on hopes and dreams. I am not bashing just sharing my experience and I can be completely wrong. Just look at what I have posted and look at the share price. Once again, my post is not an investment advise. I never tell people to buy, sell, hold, average down, etc. Good luck everyone, hopefully it turns around soon. But based on the charts, the odds are not good. Cheers, just my 0.02 cents.
December 22, 2020 - 01:56 PM BudFoxx2020 wrote:
I can't predict that far ahead. All I can tell you is these Telehealth plays are meant to thrive in a lockdown environment. I am sure the business is viable going forward but the big money is made during the lockdown and Corona environment. For me, I followed Well for 2 years, was always on my watchlist but never bothered investing but I knew what their business model was. Well is a great solid company with great management, only reason it really piqued my attention was because of Li Ka Shing. Then Corona happened and stock broke $2, since I know the company I knew it will thrive. Do I think WELL is worth $8 at the moment based on their revenue, NO. But thats the market you go with what is hot at the moment. And the Telehealth sector is still hot. Well is one of my biggest winner this year. Lol, got carried away, to answer your question Corona is not going away for a while as you can see from all the new lockdowns all over the world. So Well and all other telehealth stocks will thrive. Hope that made sense. In any case, Always have a stop loss because nothing is a 100% in the markets.