RE:Come On Guys WELL follows all Canadian health care stocks. Look at DOCX, TDOC, Reliq, ect ect.
They all follow the same path. WELL was on a hot streak during a hot time for health care stock, specifically telehealth.
We are now facing the sell off once the market is no longer hot for that stock which is what is happening now. Then after 6 months and a few financial reports, it'll pick back up again.
It's not like someone has insider information and is selling off their millions, it's literally just a not so hot stock so short term traders and some long term are selling. I sold 50% of my stocks and holding another 50% for at least 2 more years before making a decision because the lower we go, the bigger chance we have a buy out.
Am I saying this isn't a good stock to short, no!
However I don't really care what happens in the next 1-2 years since I'm holding blind