As Always I never give financial advice and this is not different.
10 days ago I did some DD about Wish, which came right at the bottom : DD to My Wife (Mods : It's my DD)
Now My Wife is very happy, and she may consider breaking out with her Boyfriend who was All in on C3AI.
The main goal of the DD was to present to you a great opportunity (at least for me) of a company that have a great potential and really undervaluation. The goal is not to make it a meme stock (but if we get both of them this can be great), because fundamentally the company have great numbers.
Now Why I think Wish is preparing to go to moon ?
1- It had a short float average (9M~ day) in the last 6 months, but for the last 10 days it's about 20M ~ Day. And as we all know, when the consolidation is done with a very a high volume, it's just the sound og the gas added to the rocket ! And now The breakout was done with 200M/300M Dayly volume, which is a tremendous Bullish sign.
2- 40 % short interest, t's very high for a company with good fundamentals at the bottom
3- until now the big boys were adding shares, in the same time they were selling puts, and I you know institution will only sell puts when it thinks the company will go up or it's under-evaluated (so they will be more than happy if they got assigned).
4- Consider Best Buy in 2012, when everyone thought bankruptcy was inevitable and Best Buy stock had plunged from $40 to $10. Today, shares trade north of $100.
Consider Nintendo in 2013, when everyone thought the gaming titan had lost its magic touch and the stock also dropped from $40 to $10. Today, Nintendo stock trades above $60.
Or even Etsy for which the IPO price was 16$, the first day of trading went to 35$.
After that It went back to 6$ in 6 months
Well look at it now 167$ !!!
Or consider Twitter in 2016… Crocs in 2017… Chipotle in 2018… Tesla in 2019… Wayfair in 2020…
Finally, this is maybe a "dumpster diving" that have a great 300% potential, as a GME fun and past retard investor, I know the facts , and the facts saying that on Wish we are at the Bottom, and the upside potential is there
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