Hi there,
I answered another question on DOC about 3 weeks ago - here was my response:
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It's not something that I'd be chasing. Leaving aside valuations across the board have dropped drastically, CloudMD ended up doing multiple shifts in strategy, selling assets, etc as it over-stretched itself. In a bull market, microcaps can get away with that type of activity, but when the bear hits if they aren't prepared it can have devastating circumstances. This is one company that has not adapted well to a new reality. I've owned DOC - still own it, unfortunately - but am just leaving it unless something drastically changes. I'm just lucky I took profits in the bull.
If you look at a company like WELL, which has been far more successful operationally and that stock still can't catch any lengthy positive momentum, a company like CloudMD isn't likely to fare any better. At this point - it would not be a company I'd be interested in buying again. Too many question marks, and management just hasn't been able to execute.
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Adding to this, personally, I am not adding to lower my cost basis. It needs to prove itself again before I'd consider lowering my cost basis. With many of these small caps, one has to be very cautious on lowering cost basis. Things can turn pretty quickly with these types of companies and it can take quite some time for them to recover (if they do).
Mat