Wish i have an eye on you
Imo the upcoming months till the EOY will be the most critical in Wish history as a stock.
Key points
1. 12 months from IPO date (meaning towards EOY) we have a new lock up period for earlier stage investors, do you think they want to sell at 7s even if the company is sinking i think there must be a play first with so much retail eye on it as well.
2. Are all the bad news baked in the price? and was 6s a big bear trap? around end of September i think we will know.
3. Awaiting some major app changes/ business model changes / new CFO
4. Retail is still buying and holding as i read all over the internet, that's a (-) in the short term price action no matter the technicals and fundamentals.
Major scenarios in my mind
1. Wish is sinking and this will become a zombie company and we all felt in the trap, no hard feelings can happen to anyone, take your losses & lessons and keep walking.
2. They are about to sell it to one of the big guys for at least the IPO price imo
3. They are about to turn the ship around
Now if the case is 1. and taking into consideration that WSB retail has an average price between $8-12 then probably you are sitting on at least a -50% decline ( PAIN )
If the case is 2. then the potential upside is 3-4x
If the case is 3. the potential upside is at least the ATH meaning 4-5x
What are the probabilities in favor on 1 vs 1&2? Do your DD and decide...
*This is not an advice to buy or sell, just random thoughts from a person who started buying wish at 8s before WSB mania and Zack Morris pump.
Key points
1. 12 months from IPO date (meaning towards EOY) we have a new lock up period for earlier stage investors, do you think they want to sell at 7s even if the company is sinking i think there must be a play first with so much retail eye on it as well.
2. Are all the bad news baked in the price? and was 6s a big bear trap? around end of September i think we will know.
3. Awaiting some major app changes/ business model changes / new CFO
4. Retail is still buying and holding as i read all over the internet, that's a (-) in the short term price action no matter the technicals and fundamentals.
Major scenarios in my mind
1. Wish is sinking and this will become a zombie company and we all felt in the trap, no hard feelings can happen to anyone, take your losses & lessons and keep walking.
2. They are about to sell it to one of the big guys for at least the IPO price imo
3. They are about to turn the ship around
Now if the case is 1. and taking into consideration that WSB retail has an average price between $8-12 then probably you are sitting on at least a -50% decline ( PAIN )
If the case is 2. then the potential upside is 3-4x
If the case is 3. the potential upside is at least the ATH meaning 4-5x
What are the probabilities in favor on 1 vs 1&2? Do your DD and decide...
*This is not an advice to buy or sell, just random thoughts from a person who started buying wish at 8s before WSB mania and Zack Morris pump.
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