Gpap90

Wish Wyckoff showtime

Long
NASDAQ:WISH   ContextLogic Inc
Results were as expected and clearly belong to the previous management team.No no point for the current team to show any improvements. As stated by the newly appointed team the real turnaround results should be visible somewhere in Q2 2022, so for Q1, I expect a Wyckoff accumulation. Retail is so depressed and tired that eventually nobody will be left except me.
Points looking forward
1. Cash on hand $1b, plenty of time for a turnaround, 0 debt.
2. New C-level executives must prove themselves+receive stock bonuses, so their serious effort is granted.
3. Logistics revenue up 45% YoY, when ad spending resumes this should rocket because shipping times will fall dramatically = happy customers
4. Bad merchants are cleared away, quality is improving slowly but steady = happy customers
5. New redesign in platform launching soon = happy customers
6. Institutional accumulating more and more
7. Everybody(retail) is getting tired and is at a loss of -50% or more, now it's time for a slow death. If markets go up then other stocks will fly and this one will keep accumulating making everyone nervous and anxious, so in the end, everybody will be gone.

My targets for this year
Q1 : $3-3.50
Q2 : $5-7.5
Q3 : $9-12
Q4: $15

My targets for 2023,2024,2025
1. $22
2. $32
3. $60

Stay safe and always have a plan.
Comment: *Q1 $2-3 not $3-3.5

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