RE:RE:RE:Laurentian Bank NotesHotDiggityDogg wrote: Monty there has been absolutely zero news from WELL on anything. Meanwhile stock has been tanking. Wouldn't it make sense for Company to try to do something to help the shareholders when they are losing so much ? First it was a short attack, then tax loss selling, then macro Fed stuff, but the main concern for me is lack of buyers. If there was buyers, shorts wouldn't be in control. Even at bad macro times, companies do make big moves that spikes the stock price. I myself believed for some time that WELL could be bought out. I'm interested in hearing your logic behind lack of any news or effort by management to stop the bleeding ? Or is it a simple matter of them not being able to do anything in today's market conditions?? Thanks in advance.
Fluff news release and management statements rarely ever do anything good for a stock price.
What matters are the financial results. If they can build on Q3 2021, then the stock will move back higher than its current price. Will it move back all the way to $9? Maybe not.
I think we're seeing selling pressure from those that bought between $6-8 just based on the charts (overall company description) and they are capitulating right now.