RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Technicals Why take a position when the stock is still making new lows every other day. If I did that, I would have been buying all the way from breaking new 52 weeks low $6.50 and down. It makes no sense to me. I would have been sitting on a big loss in a short time for no reason. As a matter of fact that was where my last position got stopped out. Do I believe in the company yes, do I think the share price should be a lot higher, YES. But why fight the market trends, when the markets believes it should be lower. No one can predict the exact bottom but you can definitely spot when the share price stops dropping. There will always be a price when share price just refuse to go any lower because of strong support from buyers. We haven't seen that in WELL yet. It just made a new low yesterday. Once I see that support in the pattern I will start buying. I believe we should start seeing that heading into the next earnings. Cheers.
Capharnaum wrote: My point is that as a value investor (which I won't pretend everyone to be), I think that if the metrics are there to support that a share price is cheap, you don't have to try and time the bottom. Take a starting position when it's cheap, even if it can go lower. If it moves lower but the numbers haven't change, then add to the position.