Too Late To Make A $WISH? 🧞
I want to break down $WISH for you today and make some things very clear. I want to start off by stating that I am not a financial advisor and simply like many of these stocks. We are changing WSB and forgetting about terms like "squ–ze", "tea-w-rk", etc. They are simply not accurate representations of this subreddit. If you think everything is a squ–ze and that WSB Apes will save each other, you’d be wrong. But I am here to simply break down my thoughts on the matter of $WISH and if it’s too late to jump in.
Is it too late to invest into $WISH? Here is the breakdown. $WISH rallied yesterday and hit a share price of over $11. Today at open it hit over $14 and proceeded to plummet. It closed today (June 9th, 2021) at a share price of $10.60. This must worry MANY. Does this worry me? Not one bit. If you haven’t noticed, this is what happens usually a day after a stock rally. It is completely natural and is most likely just fluctuation from paper hands (scared shareholders) sharting themselves. So is it too late? Absolutely not. I actually purchased contracts today before lose at a sweet discount. This is the way.
Why is $WISH so hyped up? Well, $WISH is actually a great company and very similar to ETSY. The issue is $ETSY is worth $167/SHARE and it does fewer sales than $WISH. Comparing Wish to Etsy is like comparing two different types of apples. In the end, they’re very similar but slightly different. $ETSY did approximately $3 billion in revenue in 2020, and $WISH did $2.5 billion. In short, the company is extremely undervalued. Another reason there is hype is that (apparently) according to Bloomberg terminal the current short interest is over 45% which is VERY big and gives even more opportunity for the stock.
Short Interest of Float : 31.4M/48.67%
The main reason I am investing is I personally believe the company is undervalued by a lot. This is enough for me to invest and bet on the price rising.
What price will it hit? Considering the ATH (All-Time High) has been at $30+/Share and $ETSY is valued at $167/Share, there is no reason for $WISH to hit over $50 and even reach up to $100+ where it should sit with its competitor.
Thank you for your time, keep your head up, and good luck out there tomorrow you filthy apes! 🎢🚀
P.S. Feel free to ask questions, I will get to as many as I can! Also, feel free to add to this or rebut it.
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June 9, 2021 at 04:49PM