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!!!
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Not selling a single share! In case it hits $0.69-$0.60 I am doing my last addition!
The ceiling for the next 12-18months IMO is $6.20, 24-48 is $12.
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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.
The future of the Wish stock price is very dependent on 2 factors: 1- the general market (which is incredibly bearish rn and could keep heading south for the next 2-3 years) 2- what the company will do to stay alive in the near future. Big changes need to happend, maybe a visionary ceo has to come along and the company has to reinvent their business model. Most likely they will have to rebuild the company from the ground up. Otherwise they will burn through cash and won't survive long. That said, betting on WISH right now is extremly risky. There is nothing you can base a price target of $6.20 or $12 on. Technical price levels at this point don't mean much anymore, for sure not that out of the money. Personally i am bagholding some too, and i still believe that it could bounce back a little bit. The price would not be under 1 $ if the market was not so bearish. I'm not in for the long run though, and i'm still in it only cuz it is really cheap right now / they have double cash money than the market cap. I hope i don't sound too agressive on this comment and ofc i wish us good luck ;)
Gpap90
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@yrusl, you need to do some research to understand why the company has not made a profit when you understand that you can have a glimpse of the not-so-distant future. Follow the money!
Synth_Wars
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@Gpap90, see, delisting notice. negative eps, negative entreprise value, negative income, negative growth, former ceo selling all the shares...looks bad here. I think people are waiting for a bankruptcy pump. They won't have cash soon
Gpap90
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@synthwar69, see you may 23
Synth_Wars
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@Gpap90, Probably missed a few things, what people should expect from Wish on May 23 ?
1- the general market (which is incredibly bearish rn and could keep heading south for the next 2-3 years)
2- what the company will do to stay alive in the near future. Big changes need to happend, maybe a visionary ceo has to come along and the company has to reinvent their business model. Most likely they will have to rebuild the company from the ground up. Otherwise they will burn through cash and won't survive long.
That said, betting on WISH right now is extremly risky. There is nothing you can base a price target of $6.20 or $12 on. Technical price levels at this point don't mean much anymore, for sure not that out of the money.
Personally i am bagholding some too, and i still believe that it could bounce back a little bit. The price would not be under 1 $ if the market was not so bearish. I'm not in for the long run though, and i'm still in it only cuz it is really cheap right now / they have double cash money than the market cap.
I hope i don't sound too agressive on this comment and ofc i wish us good luck ;)