I have no fear left Technicals ✓✓✓ (multiple divergences)
Short ratio ✓✓
Upcoming changes in platform / CEO ✓✓
Retail psychology ✓✓
Institutions buying ✓✓
Lockdowns possibility after x-mas ✓
E-commerce growth - especially mobile ✓
If these are not enough for you in a $2.5b market cap with $1-1.2b in cash, around $2.5b in sales 0 debt and estimation from management to break even during the next Qs i don't know what is.
*Selling shitty products and all the rest comments i read here and there are no-sense... if they were to sell shitty products with one month plus shipping time how the hell did they manage to do Billions in sales? ( you might say ads and high acquisition costs) still they have a beautiful buyers pool which if they play it right:
1. Quality control
2. Higher shipping rates
3. Local pick ups
They can thrive!!! This bet needs a good vision and an even better stomach! if it plays as i see it $100-150b could be on the horizon.
**There is also a chance they get acquired but risk/reward here (possibility of going bankrupt or even become a zombie company in the ERA OF E-COMMERCE) seems too ridiculous for me.
*** I have a position in wish with average cost of $8.5, therefore as of know my estimates are wrong and for sure i was terrible in timing this but i hold and believe on the above. Worst case scenario i lose a bet but in the best case i expect my returns from here to be of minimum 2x. Do your own research and think for yourself
Fearful
"Be greedy when others are fearful" Warren Buffet - SPXLately, I have been feeling quite greedy because I see fear across all markets.
I stand by what Warren has to say about the markets.
Ask yourself "if 70% of people are bearish for a great depression 2.0 will it happen yet?"
Ask yourself "Do I feel fear or greed when others are fearful?"
I bet he's buying entire companies right now and you guys are panic selling your retail investments.
I have a diagram showing the simple truth about market psychology (smart money vs dumb money)
So again ask yourself "Who am I?"
Stay safe stay healthy and stay profitable.
- Dalin Anderson
