Gpap90

Wish bag holders this our week, let us all unite!

Long
NASDAQ:WISH   ContextLogic Inc.
1. Wish showing some stability around $2.50
2. Possible short covering to make up for losses in other positions by the shorts acting as a floor
3. Possible bottom since the company is trading close to 0.8-1 expected sales for 2022 & possible break-even by the first Q
4. CEO must be announced upcoming week or the next
5. Technicals looking good with multiple divergences
6. Still waiting for institutions positions update
7. Beginning to see some improvements on the platform , shipping times getting better.
8. Interest rate hikes (problem if wish wants to raise more money) BUT has no debt and looking to break even.
9. If there is a buyout i would expect at least at 3-4x sales meaning $8-$10
10. Hold your bags tight! we are all in this together! Do not let wallstreet steal your stocks. Worst case we are all wrong! it happens, we will study what we did wrong learn from it and move on! investing does not end with one bad decision there is always room for improvement, never give up! Best case the price will tell!

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