Context Logic (Nasdaq : WISH) discussion.
Hype on meme related stocks is low today, this is a sleeping giant trading at les then half of its ipo, can’t be compared to other meme stocks that are trading at 10-20-50 times there fair valuation, wish is trading at 30 – 40 % of fair valuation, dangerous combo, u have the potential treat of Reddit and u have the treat of fundamentals…
This stock was trading at 30 usd before reddit, company is still the same, if not better, got severely targeted by easy market manipulation on non hyped IPO stocks, lock up expiration and bad market sentiment for growth/tech stocks. These market jitters eventually fade and sp recovers.
CEO sp incentives show the perspective of the company: First incentive for CEO to receive a bonus according to the filling is when SP crosses 46 USD, it also contains a price incentive of + 100 USD.
For this to actually be meme worthy , sp should be pushed to 1000’s and not the fair valuation.
Interesting to see how it will play out in the near future.
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June 10, 2021 at 11:35AM