RE:RE:RE:RE:RE:RE:RE:RE:Technicals Bud, alright we are probably both sounding like broken records by now, but I need to try one more time to identify my approach with WELL. Terribly sorry if you thought I was calling you a day trader; you are a "trend follower" I guess, and a "technical analyst". I simply suggest to you that there are different styles of investing/trading, not all of which are reflected on this board. I think one important quality for success in any endeavor is a degree of humility and a recognition of your area of competence. When you stray from your area of competence and try to adopt someone elses strategies, that is where you get into trouble. I have had some major successes over the several years I have been in the market. I have also had my share of losses. My successes have come from choosing good quality companies in promising sectors and holding on for the long term, and riding out the draw downs, and buying more when the share price is beaten up. As for the "1 year, 5 year, 40 year nonsense" I am not in this for 1 year; I am not in this for 40 years - I am not waiting until I am 102 years old to cash out. But 5 years, yes that is about right for me. Here is what Charlie Munger has said about his investing style: "We just keep our heads down and handle the headwinds and tailwinds as best we can, and take the result after a period of years". He has also said: "If you're not willing to react with equanimity to a market price decline of 50 % two or three times a centruy you're not fit to be a common shareholder and you deserve the mediocre result you're going to get compared to the people who do have the temperament, who can be more philosopical about these market fluctuations."
As for "no discipline, no stop loss, no exit strategy at all", I do have discipline, but I do not have a stop loss and I am not currently planning an exit. My discipline is different than yours and it is focussed on monitoring the company rather than lines on a graph. Yes it is true that some people sell too late, but it is also true that some, and I would say most often its the case, some sell too early. I do not believe that it is just "hopes and dreams" to expect that the health care industry can be modernized and digitalized and the WELL can play a significant role in that process. I suppose you would have told Bill Gates and Jeff Bezos that their investment strategies are based on hopes and dreams. Bud, you are not playing the same game as I am and so when you have declared yourself the winner, you are the winner of a game I am not playing. I respect the approach that you are taking, and I simply ask that you respect that others may have a different approach to investing/trading in WELL. You can continue to pound the table identifying WELL as a SELL and I will continue to pound the table identifying WELL as a buy. It is quite possible that we will both be right, you in the shorter term and me in the longer term.