Post by
speedy99 on Jan 31, 2022 11:47am
price action & volume
Good action all round. Glad I picked up a few more shares at the market open. I wonder what it will take for the doubters who sold with the intention of getting back in at some point. The problem with that approach is that it is essentially market timing, which is next to impossible to achieve. And psychologically, its difficult, esp. if someone sold, say, below $4.00 to say, gee now the trend has changed, I guess I better get back in. Or to say, well I need more confirmation that the tide has turned, and then by the time that confirmation is there the share price is back to where it was sold. That's why the best approach, in my view, is to hang on throughout the roller coaster ride which is inevitable with a young growing company like WELL. Using the roller coaster analogy, there are those who ride a roller coast screaming all the way down, we are gonna die, etc. and others who enjoy the ride for what it is, with some confidence of the outcome. It will be great to be back above $5.00 and from there we will move quickly.
Comment by
HotDiggityDogg on Feb 01, 2022 9:40am
Not only did I sell half of my position at 6$, I bought ARX and SU with the money on the same day. Been scaling back into WELL in low 4's and bought Lightspeed yesterday.
Comment by
speedy99 on Feb 02, 2022 9:12am
Warren Buffett: “No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.”