RE:price action & volumeThe volume has definitely been great the last few days. Support is there at $4. But your theory does not make any sense at all. What about some one like me that sold at average $7+. How does that apply to me. Lol. You can see from the chart that there is solid support at the $4 and $4.20 range, that there is a bottom being created. That is one of the confirmation. One can never predict the bottom, but you can see a pattern. Forget me, take HotDD for example, he sold half his shares at $6 and recently bought back in the low $4. Are you telling me he is not ahead. As far as I know, not one person here has sold any shares under $4. My last suggestion for stop loss was at $6.50. Anyways I have a very small trader postion at $4.50 from yesterday with stop loss at $4.20. I will be watching the $5 resistance. If that breaks today or this week with huge volume I will definitely look to add in increments. $5, $5.25, $5.50, etc. Btw, WELL was not the only stock that moved up yesterday. As a matter of fact every stock was up 8% to 10% +. My favorite traders at the moment is Netflix and Nvidia. Google is reporting today, Amazon thursday. More than likely they will blow expectation and continue the rally. There is still a month to go before the interest rate hike hits, so expect to see a lot of volatility. Thats what I have been saying all this time, trade the volatility you can make some really good money. Cheers.
speedy99 wrote: And psychologically, its difficult, esp. if someone sold, say, below $4.00 to say, gee now the trend has changed, I guess I better get back in. Or to say, well I need more confirmation that the tide has turned, and then by the time that confirmation is there the share price is back to where it was sold. That's why the best approach, in my view, is to hang on throughout the roller coaster ride which is inevitable with a young growing company like WELL. Using the roller coaster analogy, there are those who ride a roller coast screaming all the way down, we are gonna die, etc. and others who enjoy the ride for what it is, with some confidence of the outcome. It will be great to be back above $5.00 and from there we will move quickly.