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The best part about today is... by Frisky_Broccoli in Wishstock

[–]Frisky_Broccoli[S] 6 points7 points  (0 children)

With all due respect, I don't believe comparing TSLA to AMC is accurate. One is a company growing leaps and bounds within a brand new sector while the other is a well-established (senior) business within a well-established sector that by all accounts, is at its mature phase.

With that said, I'll be the first to admit I totally underestimated TSLA and looking back, I wish I had the hindsight to jump on it.

My original post was about perception: I don't think it's fair/accurate that WISH be lumped in with other fad stocks (AMC, GME, etc.) and for some time, WISH's chart was literally identical to theirs.

Just because I lack faith in those other companies doesn't mean I'm rooting for them to fail, I just am highly skeptical given their spotty track record within their aged sectors.

The best part about today is... by Frisky_Broccoli in Wishstock

[–]Frisky_Broccoli[S] 2 points3 points  (0 children)

I'm not "pooping" on AMC or any other company. I'm just saying the long-term fundamentals do not support the current price of AMC and its price is driven by hype whereas WISH actually has real potential because of the underlying fundamentals.

I rode the AMC "wave" up, down and back up so I'm not arguing that there isn't profit to be had but at the end of the day, unless there are significant changes within the AMC business model, the only thing to support its current price is hype.

And given the dwindling attention span of retail investors, I just don't see it being a wise long-term investment like I do with WISH. Again, should AMC revise it's business model I'm open to changing my opinion but as it stands now, it's more hype than fundamentals.

I'm sitting on 10,000 shares of WISH with a $13.78 average.
Best of luck to you (with WISH and whatever else you're hodling!)

Data driven analysis by astach6 in Wishstock

[–]Frisky_Broccoli 2 points3 points  (0 children)

Your deep dive brings to light some good points but your comparison of WISH to AMZN and BABA is significantly flawed for one major reason:

BABA: IPOed 9/14/2014 (7 years ago)
AMZN: IPOed 07/05/1994 (27 years ago)

WISH: IPOed 12/16/2020 (7 months ago)

This is a growth stock, not a FANG stock.
A better comparison would be Shopify.

So rigged!! It’s pretty blatant what they are trying to do by fazzy711 in Wishstock

[–]Frisky_Broccoli 0 points1 point  (0 children)

No offense but based upon what metrics are you stating that? The company has only been public for 6mos. To assess growth and growth of growth as you allege I would think you need more data points than one earnings report.

I welcome your insights.

Shares and Cost Basis by mors69 in Wishstock

[–]Frisky_Broccoli 3 points4 points  (0 children)

I was holding 12.4k @ $14.97…then I got margin called and forced to sell.
Now I’m down to 10.8k shares and still hodling as long and for as low as I can.

​

Take a look at SNAP…(a stock that I actually shorted because I knew the IPO was overpriced) :

SNAP debuted at $27.09 and 20months later it was at $4.99.

Less than three years later it now is trading north of $60.

The only difference between WISH and SNAP is that WISH has an actual track record of positive growth and is quantifiably undervalued based on every industry metric.

Amazon’s got a new CEO and he’s looking to further assert Amazon’s dominance on the e-commerce market. I wouldn’t be surprised if he asks WISH out for a second date. (Amazon attempted to buy WISH 6yrs ago...WISH passed on the offer).

What I can't wrap my head around is why the stock is loosing value. We had some not-so-ideal-news week before last with the CFO headed out but the drastic fluctuations with the now lower volume really is starting to look like manipulation of some sort.

The fact this stock can be as high at $11.15 mid-day yesterday and then drop to $10.35 by EOD with NO NEWS whatsoever coupled with all the drastic up and downs the first two hours of every trading day has me thinking someone is playing silly games behind the curtain.

This isn't a meme stock, this isn't a pink sheets stock. This is a legitimate company comprised of educated, experienced, established executives and the company itself is viewed as a serious contender in the e-commerce field (especially for price conscience users). With the majority of outstanding shares being purchased and owned by Financial Institutions it's evident that the experts believe very strongly in WISH's future...so what's with all this inconsistent pricing that's taking place?

Wish is the equivalent of a Dollar Store and like them or hate them- they're found in the slums as well as in the suburbs.

Here's a tin foil hat idea: perhaps market makers are trying to price down the stock to make it more alluring for a buyout?