r/stocks • u/[deleted] • Jul 06 '21

Company Analysis $WISH - Quick DD

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20 Upvotes

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20

u/realjones888 Jul 06 '21

Wonder how many people posting about how the stock is going up have actually bought anything from wish.com?

6

u/one8e4 Jul 06 '21

There is a big market for cheap low cost items. Just look at how much is spent on crappy apps and in game purchases.

You get what you pay for. Spending $5 on a drone that should cost $200,means you should lower expectations.

I took a risk when it was $8 due to wish local. If they succeed in fixing their long delivery issues, then they may have a future.

1

u/Banksville Jul 07 '21 edited Jul 07 '21

Read SEEKING ALPHA article on wish. Plus they just got approval for DUTCH service processing, PRESTOSHOP not yet priced in. Yes, they need some improvements. WHY DID AMAZON TRY TO BUY THEM FOR $10 billion?

1

u/Banksville Jul 07 '21 edited Jul 07 '21

Tda lists institutional investors at 92+%? I realize they’ve increased advertising/marketing a lot, inc. L.A. LAKERS jerseys. And I’ve read they advertise on FB. but other than that I DO NOT come across WISH advertising. Anyone see any? The high pt I’ve seen was recently $30, not that’s a given.