RE:RE:RE:RE:RE:4.40 zone, will it hold ? I owned Altgas in my portfolio. If my portfolio manager at RBC kept me in that stock from 50$ to $14 I would fire him ( and that stock even has a dividend when WELL doesn't. !!)
What I said is "riding" WELL ( or any stock ) down 50%... only way that is justified in my mind is if you are an insider or you have a small investment. No one can defend riding a stock down 50% down. A good investor can check the market sentiment, sell and buy back in when sentiment changes.
if you are buying at these levels, you are probably buying a better company that what others bought at 7-8$. Nothing wrong with the company at all.
I am a believer in WELL. I'm not hating on it. I just think the golden days are gone and there are soooo many good buys out there due to the recent beating on Growth stocks, to bring the smart money back in !
As I keep saying, I'm long WELL, as I'm banking on a sale of the company by the brilliant CEO. I'm expecting minimum 50% premium, but would love to be proven wrong with a 70+% premium when one day I wake up and read the news!
good luck to all.