1. Wish showing some stability around $2.50 2. Possible short covering to make up for losses in other positions by the shorts acting as a floor 3. Possible bottom since the company is trading close to 0.8-1 expected sales for 2022 & possible break-even by the first Q 4. CEO must be announced upcoming week or the next 5. Technicals looking good with multiple divergences 6. Still waiting for institutions positions update 7. Beginning to see some improvements on the platform , shipping times getting better. 8. Interest rate hikes (problem if wish wants to raise more money) BUT has no debt and looking to break even. 9. If there is a buyout i would expect at least at 3-4x sales meaning $8-$10 10. Hold your bags tight! we are all in this together! Do not let wallstreet steal your stocks. Worst case we are all wrong! it happens, we will study what we did wrong learn from it and move on! investing does not end with one bad decision there is always room for improvement, never give up! Best case the price will tell!
It is really interesting to follow their job postings on their home page.
In Q3-Q4 2021 I saw a lot of Director / VP / Principal position which are now closed. The total number of open positions went down over Xmas to ~40 positions.
In the last week they ramped up the hiring on engineering teams - with 10 new positions. So we are currently at 50 open positions.
It is also interesting to see the web traffic activities (tipranks.com/stocks/wish/website-traffic). We are back to the level of 2020 (pre-IPO). The visitors amount seems to bottom in most countries. It looks like the visitor numbers where heavily pumped before IPO to get a higher valuation.
If the new team manages to reach near-IPO level of web traffic through organic growth in the next 3-5 quarters in combination with a break even in free cash flow, we should see prices around 15-20$.
In parallel to that the share price is very volatile but it seems to hold in the range of 2.30-2.60$. If there is a dip under 2$ I'll buy more shares - but for now "wait & see".
Midyanyy
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@gpap further update on this - currently 60 positions. New one focus on consumer experience & consumer growth. I've also noticed some major updates on the app (browsing without sign in & gift cards). Similarweb indicates that the visitor numbers dropped in Jan 2022 by another 10% and is 46 Mio visitors.
Midyanyy
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@gpap according to simplywall.st and nasdaq.com institutions have accumulated a significant amount of shares. I think this trend will continue through Q1 (maybe Q2) 2022
GratefulGains
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I like the hype
Midyanyy
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Charls Schwab Investments grew their position by 379% (simplywall.st) - let’s see what other institutions have done.
Gpap90
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@Midyanyy,can you share a link a cannot find it... i checked also nasdaq.com
In Q3-Q4 2021 I saw a lot of Director / VP / Principal position which are now closed.
The total number of open positions went down over Xmas to ~40 positions.
In the last week they ramped up the hiring on engineering teams - with 10 new positions.
So we are currently at 50 open positions.
It is also interesting to see the web traffic activities (tipranks.com/stocks/wish/website-traffic).
We are back to the level of 2020 (pre-IPO). The visitors amount seems to bottom in most countries. It looks like the visitor numbers where heavily pumped before IPO to get a higher valuation.
If the new team manages to reach near-IPO level of web traffic through organic growth in the next 3-5 quarters in combination with a break even in free cash flow, we should see prices around 15-20$.
In parallel to that the share price is very volatile but it seems to hold in the range of 2.30-2.60$. If there is a dip under 2$ I'll buy more shares - but for now "wait & see".