marketpre
2021-08-13

Doesn't matter if it's $ContextLogic Inc.(WISH)$ or $Phunware, Inc.(PHUN)$ etc, We have to accept that our stock market is a big baloon and any wrong news will cause any stock to go down tremendously.

In the past a good earning or a bad earning report was resulting with 10% changes. Now the influence of the reports are up to 50%. The reason is obvious. No company makes profit, they are just being valued like crypto currencies without any financial support behind. This is normal. More and more stocks will blow out as worse news get in.

There's inflation, there's unemployment and a lot of pumped money. So we're approaching to the end of this over inflated market. It's not about Wish, it's all about our stock market. I'd be cautious to buy any stock even after a 50% price drop. If you feel like you can hold then make a projection for at least 2 years.

Good Luck

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精彩评论

  • 3nn
    2021-08-13
    3nn
    Waiting for $6 before considering to buy otherwise you will be trapped
  • Bleudauphine
    2021-08-13
    Bleudauphine
    Wish已经V上去了
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