RE:RE:March 31st Financials I sold half of my position at 6$ in November, bought ARX with it (@ $12). Today ARX is 17$ and I have been getting a hefty dividend while watching my money grow with LESS risk. Meanwhile I traded WELL 3-4x; buying in low 4's and selling in 4.70-80 range. Even sold the last trade at $4.96.
I understand there are insiders here who would hold on due to stock options, etc ... but what's absolutely comical is the rest of the kids who keep taking about LONG TERM investment and stock price going to 20-30$ Per share ... market cap going to $10 Billion. Like the big institutional buyers are stupid and only a few small time investors know how to spot a 10 banger after the entire sector has fallen out of favor.
WELL had its big score. It went from 50 cents to 9$. Now WELL needs to prove itself to real investors that the acquisitions actually will produce profits and only then big smart money comes back.
Once that happens...CEO will sell the company for $7-8 and that's the end!