RE:RE:Today's ActionJust a repost LOL - I was gonna trim at $6.54 and thankfully decided against it. Let the magic of compounding work (thank god), OK so now I'm looking at trimming above $7.50 and $10.00 is getting more of a reality then it was a dream a short six months ago.
Congrats to all longs and Merry Christmas to all and to all a WELL night.
SunsetGrill wrote: Ya thanks for posting that - I was gonna ask what peoples exit strategies were. I have to agree I was very close to selling about 25% yesterday at $6.54 and yanked it as it went through $6.54. My thought was I started buying this thing at approx $2.75 two years ago with the thought of a grand slam to at least $10 which is getting closer and closer. Its funny how the brain works, and I have to remind myself why im here and bought this. Funny how many hang on to our losers far longer than holding on to a pure winner. Im sure we all have our own Shop story. Mine is Manulife just this year - had a boat load and sold when it broke LONGTIME resistanece at about $28 and waited for a pull back that NEVER came. It short order it went from 28 to its current $45-$46 whatever, I cant look at it anymore as i will kick the dog, and have a 3K vet bill.
$6.50 to $10 is not so far away anymore - 50 %. Especially when they seem confident at getting a $4 billion run rate, with a reduced debt alone the way.
retiredcf wrote: It's perfectly understandable that investors would take some money off the table after how well the stock has done in the past week. But if your investment horizon is longer than a couple of months, it seems like you're leaping off the train just as it finally starts leaving the station.
As a painful example, I first purchased Shopify at $35 and sold the last of my holdings at $245 after every analyst on the planet said it was ridiculously overvalued. Natually, the SP then shot up to nearly $2400.
Now in no way am I saying that WELL is another Shopify. But it certainly has the potential to double and possibly triple over the next couple of years. So I'm going to hang onto my shares. GLTA