If history is any guide...
It can go to $0.69 just for the memes! Wish to the moon! don't try to outsmart Wallstreet just try to think like them.
I have been wrong 100 times with this one! I just don't want to be 100 + 1!
This is what true risk/reward looks like! Everybody is scared to death and the majority sitting at > -70% losses...
Please do your own research and listen to nobody!!!
It can go to $0.69 just for the memes! Wish to the moon! don't try to outsmart Wallstreet just try to think like them.
I have been wrong 100 times with this one! I just don't want to be 100 + 1!
This is what true risk/reward looks like! Everybody is scared to death and the majority sitting at > -70% losses...
Please do your own research and listen to nobody!!!
Comment:
After the Poshmark acquisition, I am starting to speculate that the Wish buyout will be around $4.5-$6.30 with $5.3 as my core scenario! Institutions, except vanguard, started accumulating at the start of 2022 below $3.20, and their average should be close to 200m or vwap since the beginning of the year. That translate to a price of around $1.90.
The bad news for retail is that the majority will be sitting at a loss! Since there is no major shareholder to go against this sale, the buyout was an ordered play! With the only winner as always Wall Street. Since management is controlled by passive funds and VCs (look who owned Poshmark and where did they sell) they can show the results whatever they want to justify a low-price buyout!
I am pretty sure the majority that sold below $1 are not buying again after so much trauma that occurred during the last 18 months. Soon we will know how much % institutions ownership changed over the last Q.
Just speculation... nothing more! still holding, not selling a single share below $5.
Do your own research and trust nodoby!
The bad news for retail is that the majority will be sitting at a loss! Since there is no major shareholder to go against this sale, the buyout was an ordered play! With the only winner as always Wall Street. Since management is controlled by passive funds and VCs (look who owned Poshmark and where did they sell) they can show the results whatever they want to justify a low-price buyout!
I am pretty sure the majority that sold below $1 are not buying again after so much trauma that occurred during the last 18 months. Soon we will know how much % institutions ownership changed over the last Q.
Just speculation... nothing more! still holding, not selling a single share below $5.
Do your own research and trust nodoby!
Comment:
*close to 200MA
The ceiling for the next 12-18months IMO is $6.20, 24-48 is $12.