RE:Tax loss arrives Earlier this year You're too funny, Larry!
First of all in your anonymous and semi-autonomous state you impart some great wisdom on the financial success or failure of individuals that you know nothing about ...really? Secondly you use broad statements to describe very specific events.
Take insiders for example. Arguably, as there are several sources for this and none exactly mirrors another, there have been 40 buys and 6 sells by insiders over the last 12 months. To your point two of them have sold all their shares in the last 3 months ...are they still insiders? That is out of 8 insiders that have bought or purchased shares this year. Another insider still holds 70% of the shares they had originally, Another continuously buy/accumulates and sells shares in a pattern that has never changed. The principal insiders still own all or the bulk of their shares.
As for tax loss season ....maybe, but the stock has been so uniquely traded and the fact that yes, tax season does see selling I'd hardly say that your comment is anything other than that of Captain Obvious. That in no way takes away from the longterm potential of WELL.
The beauty of any fact-based assessment by any single poster is that it doesn't (nor should it) have one ounce of impact on the sp. Anything anyone says here (again, when fact-based) is merely opportunity for discernment and discussion. You flogging a dead horse repeatedly doesn't change that.
As for me, yes I take a jump at penny stocks on occasion and comment on those. As for my mutual funds, equity and dividend generating stocks (ENB, DIV, DXT, BTB.UN to name a few) I see no compelling reason to comment on those. You either have the money to invest in those passive income generating stocks ...or you don't or don't believe in that as part of an investment strategy.
GLTY!!!
LarryBird wrote:
Stocks such as WELL, which have had a very bad year will suffer from tax loss selling. With the whole concept of " Adjusted EBITDA " + " Revenue Multiples " being metrics that are forgotten about, Funds and Smart money will not be buying any shares at these prices. You will have people like NoShorts ( opposite to smart money ) and Smokey ( can't figure out if he is almost a criminal pumper or literally the worst investor alive ) tell you how this stock has bottomed.
Insider selling, market only looking at strong balance sheets ( WELL doesn't have one ) leads me to predict WELL will be below $2.50 before the end of the year and quite likely go below $2 mark.
I may buy some at below $1.75 as I think CEO will sell this company in 2023 for $3-4 if macro sentiment improves. ( yes I have lowered my buy price again )
NoShorts keep fighting them shorts. We need you out there. Not all Heros plant Trees. But you do !!