I hate it when people bring up how wish has lost users… that literally means nothing if the company is taking steps to get those users back by improving their quality of products and shipping methods… people
With a good ER and shorts being squeezed a good price prediction IMO would be anywhere around 10-15$ a share. It could go higher but more than likely people with bags would sell.
I’ve been here since March in at 18$ a share …. I’ve averaged down all the way to 10$. I ain’t leaving until this hits 25$ bare minimum long term bullish so I rarely post here or check the price. You guys should try it and stop stressing out. Idc if earnings misses or not it’s a LONG TERM game baby lmk if you want proof
There are simple tools on the Internet. Type in website tracker. You can see the traffic for wish.com. In May 2021 the website and app traffic was 100 million users. And this has trending down significantly and currently October 2021 it’s at 50 million users. Not good. Just look at this for Coinbase. Did you see how the stock dropped yesterday? That is because the total number of users is way down.
Reduced traffic means reduced sales and revenue.
I’m not expecting earnings to be very good. I have a feeling the stock is going to drop two dollars.
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Amazon’ s earnings report Was not good. Therefore I expect wish to be in the same boat. Your shares are going to drop by two bucks come November 11.
Go back and look at the prior earnings of Amazon. They did not do so well and wish followed suit. This resulted in wish stock drop three dollars.