WELL Health Technologies Corp T.WELL

other boards - same story

[speedy99]

Its important to not assume the downturn in share price is inherant to WELL alone.  So to that end, I have visited other boards in relation to other shares.  The similarities are amazing.  Everyone is incredulous that their favourite company has suffered a downturn in the share price in the face of spectacular revenues, promising future, etc.  But a lot of the posts are indicating utter panic, both on this board and others.  Assuming a high point of mid $9 dollars for our stock, a retracement to $5.00 is not such a big deal in my books, and I would have thought, something almost to be anticipated in the stock market.  If every day one is translating the posted share price into dollar amounts won or lost, then yes it can become a big deal.  Warren Buffet pointed out that you can buy a house one day and if someone came along a few weeks later and offered to buy your house for substantially less, you would not panic and sell it.  This is a relatively young business and there are many years ahead for it; it is in no danger of going bankrupt.  Its going to be around 2, 3 or 5 years from now.  Very unlikely that the share price will be $5.28 at those junctures.    The nice thing about buying shares in a company rather than purchasing options is that you can wait it out, so long as you don't need the cash.  With options of course you need to get the direction right, but you also need to get the timing right.  All we need here is a belief that this is a good company in a growing sector and that at some point in the future it will be worth much more than it is right now.   And I certainly disagree with the suggestion that it is foolish to plan for an investment 5 to 10 years out.  That's my time frame.  Its very difficult to predict what will happen in the immediate future, in the next few days, weeks and months, but much easier to bet that in 5 to 10 years this will be a very valuable asset.  5 to 10 years may seem like too long for the younger generation here, but take my word, it goes by quickly.  I have owned my own business for 30 years now and it seems like yesterday that I started it with a credit card.  Have some patience people.  Don't panic.  You own a great asset.

[jabez3]

That was a good post, Speedy. Amen.  Yes, on paper I am down a poop load, but I have not lost a penny. I am content to wait. I know I am repeating myself, but I am so glad I did not margin at all in order to get more shares.

[speedy99]

Thanks Jabez, yes many people have been brought to ruin by the three L s,  Leverage, Liquor, and Ladies. lol  I have never used margin and never intend to, reqardless of the strength of my beliefs.  Neither do I carry any debt.  Nice to see that WELL is also not anywhere near overleveraged as a company (which is similar I would think to an individual buying on margin) 

[jabez3]

The three L's...... Well one out of three isn't bad