Post by
Mikerich on Dec 22, 2021 10:58am
Today
How does one explain todays price action back down to the mid $4.80s after the momentum of yesterday and the overall markets being up?? Clearly the shorts still control this.....frustrating.....
Comment by
monty613 on Dec 22, 2021 11:17am
there's very little volume today, for one. looks like it is being held <$5 to shake out more retail shareholders. the stock is eligible for reduced margin >=$5 so anyone who was borrowing when the stock was much higher is likely being forced to trim their position. just my guess.
Comment by
speedy99 on Dec 22, 2021 11:59am
From Globe and Mail “Seemed like yesterday was more of a relief rally or a dead cat bounce and today we’re just quiet again. A lot of people are already away on holidays and we’re still getting some lingering tax-loss selling as well,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. I think likely volume with WELL is going to be very subdued until year end.