Post by
davgro on Mar 22, 2023 1:13pm
WELL Excellent Long Term Hold During Economic Downturn
I reallocated a sizable portion of my long term investment holdings in December during tax loss selling season to the Healthcare sector. These companies are somewhat recession proof and will continue to strive and grow during an economic downturn. Started my WELL position at around C$2.70. I also took positions in VMD at C$10.20 and QIPT at around C$6.50. I will be holding these long as they all have BUY ratings with sizable price target potential and have already appreciated significantly since I started my position.
Even with recent gains in the past 2 months, these stocks are all still excellent buys at the their current share prices. I dumped almost all of my cannabis sector stocks in December and took the tax losses against capital gains and I am glad I did. I would avoid that sector like the plague until a bottom is evident as new 52-week lows are being set weekly.
Good luck to all WELL investors who saw the opportunity to buy into a stellar stock and have reaped the recent rewards in the share price appreciation. The future is bright !!