Imo the upcoming months till the EOY will be the most critical in Wish history as a stock.
1. 12 months from IPO date (meaning towards EOY) we have a new lock up period for earlier stage investors, do you think they want to sell at 7s even if the company is sinking i think there must be a play first with so much retail eye on it as well.
2. Are all the...
I do not want to get into details about fundamentals etc we all saw wish quarterly results but with some much retail in this stock i was expecting a huge decline, the fact that retail investors all over the web are so pissed about wish and start panicking and exiting their positions is a + for me as i hold a long position.
Now there are some interesting things i...
IMO we are running an irregular/expended abc correction after the meme frenzy with wish. In combination with real meme stocks crush what I see is a lot of forced liquidations and retail exiting their positions due to lack of capital ( most of them all leveraged). Take also into consideration the massive options expiration this week.
Therefore I expect a massive...
What i like and i do not about Wish in the short-term
1. Insane volume vs market cap & free float
2. All retail has eyes on it
3. Upcoming correction in the markets?
4. 1 H&S taking place as we speak and one bigger one might take place couple of weeks from now
5. Weak hands needs to be shaken and if is there is a general market correction most of the retail on...
Hey everybody! i liked wish before it became a mainstream on the wallstreetbets forums and now i have some warning points i would like to share with you:
1. The company is doing insanely big volumes vs it's market cap
2. All retail investors have an eye on it ( bad sign for me)
3. Possible distribution on the 5 and...
Tesla started the covid bull market and Tesla will end it.
***Do not take seriously my graphs and wave counts i have no skills to do that... this is just a gut feeling and an 100% naive count, i am not long nor short although everyone rushed to short now that Dr.Burry announced his short position, around 1 trillion market cap i will be willing to take my BIG...
Where are we in time? At the beginning of new digital era but at this time the masses are all in and in my lifetime i need to time the market so i can have the biggest % return of my time-money spent. Do not be greedy with your time, spend it wisely...
To the moon and back!!! $100k coming!!! lazer eyes!!! diamond hands!!! BUY THE FUCKING DIP!!! They are selling you the dip don't you see???
Start thinking for yourself! your time=money is limited so do not waste it! the game is the same over and over again throughout centuries. The only one left to buy Bitcoin is my 93 year old grandma, yes there is value over...
I strongly believe in the company over the long term but for now i see the following
1. Income H&S
2. Exiting quarantine! people for some time will let go of phones cause they got sick of them but eventually they will return to the easiness of online-dating (cost effective/ time effective / psychologically easiness, people want to avoid pain at any cost)
1. Incoming triangle breakout reversal of downtrend
2. 50% of free float was traded in the last days, who else is left to sell?????
3. I do not think that insiders, private equities and VCs want to sell at $9, after the lock up period.
4. P/S < 3!!!
5. Debt free & $2b+ of cash!!!
5. Sweet Risk/Reward Ratio setup
6.Target price of $20-$24 over the next...
1. 3ple bottom with rsi divergence on 4h
2. Upcoming earnings with the stock already -60% from ATH
3. Low free float with high short ratio >30%
4. Insiders lock up period coming in July, i do not believe they would like to sell at these levels
5. If not inflate quarter results now! when???
Besides time, that is x10 faster on Bitcoin due to technological advancements, better global access to markets and information i see no other major differences. Our future self 30 years from now when we will be around 60-90 will sound to our kids and grandkids as our grandparents and parents right now, BTC is the safe haven!!!
Matter of fact BTC has a bright...
Last time i tried to predict this stock i was devastated but right now i feel more confident on my prediction.
1. Possible inverse H&S taking place as we speak
2. In case it is activated i am waiting to see whether that will be the top and whether we will see the formation of a massive H&S as shown on the graph with a target close to the Covid gap
3. So first long...