American Well Corp AMWL

See-saw action

[CashFlowRanger]

Following AMWL since its IPO late, last month. The stock price has more gyrations than a Hawaiian dancer - not for the faint of heart!

The stock price is higher than it's IPO price and initial launch but it seems the trend is slowly pulling it back a bit. Given that it's still fresh off its IPO, that seems natural.

The big questions are: where will the floor settle in the next few months, and will the trajectory be moving higher?

My estimation is floor to settle around $29-30/share and after all the election drama is sorted out then I see it moving a lot higher even at this early stage in its trading. Could sky rocket if it's profit margins improve from its last quarter and projections for growth still remain high.

Feel free to respond to get this AMWL community going!

GLTA

[blabbermouth]

Took an entry position a week after the IPO and  have added on dips. Will be a long term hold.

[CashFlowRanger]

Sounds like a good plan; it always makes investing life easier if you are a long term buy and hold investor of an IPO so you don't have to worry too much about timing an entry and exit. I'm still on the sidelines as I only have a little dry powder left and want to see where it settles a bit more before taking the final plunge. I'm hoping to get in for a quick climb to build up my