Last night, Teladoc which has been going up for more than 200% since the beginning of 2020 has a sharp fall of nearly 16%.
It is highly likely that it will have a pull back tonight and I expect the price to head further south towards 195 price level before I take a long shot.
Be careful waiting for more of a drop. The health space is huge and you have a panic sell here. The virus has 2 years minimum to play out even with a vaccine. It’s in everyone’s interest to have a more digitised health system. Everyone wants this merger to succeed. Globally the ageing population is massive. Slowly they will use these platforms and they won’t go back to physical doctors or at least less and less. Bought more after the big drop and then more again today. If it drops again then I’ll get more. Bullish on health. Everyone needs this exposure in their portfolio. Listen to Cramer. He likes it.
dchua1969
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@Nickdm, thanks for your comments. Yes, indeed at current price, it is a bit on the high side and may fall more or goes sideway.... cheers
marksmaha
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Looks like its heading north. Up 13.50 pre-market. Also LVGO. Up 5.44. I'm going Long on both. I had a feeling the sell off yesterday was profit. Happy trading and enjoy your ideas.
dchua1969
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@marksmaha, thanks for your comments. congrats to your successful trades. cheers.