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Bullboard - Stock Discussion Forum WELL Health Technologies Corp T.WELL

Alternate Symbol(s):  WHTCF | T.WELL.DB

WELL Health Technologies Corp. is a practitioner-focused digital healthcare company. The Company develops technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. Its business units include Canadian Patient Services, WELL Health USA Patient Services and SaaS and Technology Services. WELL Health USA Patient and... see more

TSX:WELL - Post Discussion

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Post by speedy99 on Nov 23, 2021 10:31am

Volume

The past three days have seen nearly twice the average volume of shares traded, and it looks like today is on track for more of the same.  This could be a sign that we have bottomed or are in the process of bottoming, but I would not bet on it.
Comment by BudFoxx2020 on Nov 23, 2021 11:12am
So exactly what are you saying.  Lol.  You are saying it has bottomed, it is in the process of bottoming but you don't know and won't bet on it, all in the same sentence. Anyways, like I have already said before, $6.50 was a huge support for the past year.  I said it wont' hold.  Once that went, it just confirmed the start of the downtrend.  $6.20 confirms the ...more  
Comment by speedy99 on Nov 23, 2021 11:38am
I was suggesting that sometimes an increase in volume can indicate a bottoming process, and given that you are a technical trader I assume you would agree.  However, I indicated that I would not bet on it, indicating I have no confidence in that as an indicator.  As I said in an earlier post, selling pressure will continue until the last day of tax loss selling.  So I am not in any ...more  
Comment by butchtennis on Nov 23, 2021 11:43am
Speedy... well said... thoughtful views and brilliant commentary!!! Like yourself, I haven't sold a share. I am waiting for the dust to settle.
Comment by monty613 on Nov 23, 2021 11:41am
Bud - with all due respect, have you read the financial statements? i don't even think you know what this company does. this isn't a Teladoc that is bleeding money, hoping to scale and eventually make a profit. this company is generating EBITDA of ~$100MM per year. it's not even a telehealth company. WELL is a cashflow positive business. they can sit back, stop the M&A, and ...more  
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