Gpap90

I have no fear left

Long
NASDAQ:WISH   ContextLogic Inc
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

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