Watch Out for the Competition—HIMS Is Not Alone! Okay, we need to talk about competition, because $HIMS isn’t the only one trying to grab market share in this telemedicine game. $TDOC, $AMWL, and even traditional healthcare giants are moving into this space. HIMS has a pretty strong brand, but honestly, it's still a small fish in a very big pond. Sure, they're growing fast, but I’m not sold on them being the leader in the space long-term. These other companies have deeper pockets and more resources to invest in technology and marketing. HIMS needs to stay ahead of the curve, and while I like what they're doing with expanding services into wellness and mental health, it’s going to be tough to keep up.
I’m watching to see if they continue to innovate, but I wouldn’t be surprised if $HIMS gets swallowed up by a bigger player in the next 1-2 years. That could be a good exit strategy if you're holding, but for now, if you're trading, stay nimble. It’s easy to get emotionally attached to a stock, but don't let that cloud your judgment. Look for volatility and plan accordingly.
And on the topic of growth stocks, I’m also tracking $BOLT. I’ve heard rumors that it’s about to pop, and the volume’s been increasing recently. I’m not fully convinced yet, but definitely keeping it on my radar. If we see any sort of breakout, I might jump in. But right now, it’s more of a watch-and-wait situation.