WISH has seen a bottom.

Certain aspects of the market have been brutalized over the last few months. In particular, pre revenue stocks with high growth prospects have been hit especially hard. The reason being is that the market was reacting to skyrocketing inflation. The rationale for this is that the higher future earnings of these companies will not have as much purchasing power as a result of inflation. As a result, the market began to rotate into cyclical stocks that will do well in an inflationary environment because they have earning power right here, right now. With the whopping 5% inflation numbers that came out, the market has actually reversed the rotation into cyclical stocks in response. This to me, indicates that the market has priced in inflation based fears. I believe that this gives high growth stocks like WISH the green light to rally again. With this as a tailwind, enormous short interest, and an army of apes behind it, I think WISH is the perfect target right now. It’s still down 50% from its IPO price! Ape smash! 🦍 🦍 🦍 let’s get this fucking thing to the moon! 🚀🚀🚀

submitted by /u/mulligan150
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