RE:RE:RE:RE:RE:RE:TDOC - article has some comments which apply to WELL also I have been on this board for a few months. Not as long as many of you but long enough to say Bud has NEVER said told people to sell WELL but rather to warn people about a market wide correction/crash and importance of a stoploss. As I said before, there are some here with very low average cost ( insiders ) who would not care if the stock dropped from 8$ to 4$.
there are also those who invest real money and are looking to make money. For these people having a stoploss or doing momentum trades is absolutely the right thing to do.
there are also those "lost " ones that have a few hundred dollars invested and like to day dream that the stock will be 100x higher in 40 years and want WELL to buy lifelabs using a 4$ stock price as currency ( but Let's stay focused/realistic ...)
Valuation contraction that happened in the growth stocks happened to every stock. It's done mostly by bots and Algos anyway. Yesterday Growth stocks went up ALL across the board, it was not specific to WELL. Even DOC.v, a company that I have always seen as doomed went up.
I have never shorted WELL, I absolutely admire Hamed and think he will sell this company in the next 1-2 years. Do I think WELL will be a 15-18$ stock, absolutely NOT. ( my guess is that he will sell it at 7-9$ and walk away with a big smile )
Are there a lot of other good deals out there now after the valuation contraction that took place in the last 4 months. Yes. But none of this means I don't like WELL.
At the end of the day, this is all related to Fed and QE and QT. That means we could very well be in a bear market for stocks like WELL ( and TDOC) so there is nothing wrong with keeping an eye on your stoploss.
good luck to everyone and let's keep this board classy. The quality of discussion has dropped faster than the stock price and we all have better things to do than to argue with fictional characters over the internet.