Some of my views on WISH

Of course the stock will eventually go up, but for me and many others who against better judgement or without any judgement fell the allure of potential huge profits already need a 30%+ gain just to break even. Averaging down like some of you seem to do on a daily basis is a really really bad idea (don't try to catch a falling knife!)

Also let's set a few things straight, there is no gamma or short squeezes around the corner for WISH, the short interest is way too low for that. And even the short interest was bigger than reported, it would take a whole different level of commitment from the WSB community to focus on just this stock to make it happen, like it the case of GME and to a certain degree AMC.

At the moment there seems to be at least half a dozen stocks that has various degrees of WSB attention ranging from cheap poor quality goods in WISH, medical insurance in CLOV and utility vehicles in WHKS just to name a few. Can't see any of these stocks getting the commitment they need - games and movies are relatable, these companies are not.

Secondly, this is never going to be a new Amazon, the whole business idea of WISH is based on small margins on huge volume and without the massive advertising costs to be present on online platforms like Facebook their sales would go down massively - no one really needs a 3 dollar lava lamp or 5 dollar lingerie - it's all about triggering impulse buys and to do that you need massive online presence, hence the low profitability.

I am holding and hope that I will get my money back at some point in the future. In the meantime I see this as a life lesson.

To end on a small positive note - I think the company is fairly valued so it's not going to drop to 2-3 dollars but with the current very strong downwards trend I wouldn't be surprised if we see it drop to 7 dollars within the next couple of weeks.$ContextLogic Inc.(WISH)$