First of all it's not a financial advice so please do your own DD before investing on anything and only invest the amount you are fully prepared to loose! Also if you are a conservative investor, Index fund is far far better and if you are a value investor, there are ton of opportunities out there and always will be. This is a growth bet !
I am long WISH and I might be little biased; however I am in it to make money so I heartily welcome all LONG BEAR points; not short. Short terms are mostly driven by events and not business fundamentals so WISH could go to $2 if people do not like the new CEO for example ! There is no limit how much low a stock can go unfortunately; please go read Peter Lynch. If you are trying to time the market, good luck!! Also if you are a day trader, good luck to you as well !! - I recently read a post from fellow investor who turned over $28 million in a year and was in negative $7600 :) I personally think it's not worth the time and emotional well being.
What I have learned during my 5 years investing journey is that stocks mostly move up and down driven by sentiment; it comes down to demand and supply - if people are willing to sell for less OR if there are less buyers than sellers, price moves down. These are mostly driven by `catalysts` - a positive/negative earnings, black/white swan events, macro events or even a PR ! But these moves do not usually last long so unless you are trying to time the market, its very difficult to win most of the time.
I would mostly like to focus on two things on this DD - why WISH is down? and if it can recover.
Why WISH is down so much?
Sector rotation:
- The short answer is sector rotation - BIG money going elsewhere. It's just not WISH, the whole growth small cap sector is down big time. And there are some add-ons to it - SPAC/new IPOs are further down, e-commerce sector is further down, growth are hammered, companies having China ties are further down. Just look at one year chart of these companies for example - STNE (Warren buffet is an investor), BABA (Charlie Munger), CLOV/OPEN (Chamath); TDOC, CRSP (Cathie Wood) even PayPal and SQ are down big time. Remember February last year? It doesn't take much time to move them back up if BIG money flows back in :)
Macro events:
- Chinese govt crackdown on tech companies- BABA, DIDI,BAIDU and whole Chinese tech. This negatively effected WISH as well.
- Reopening of economy drove consumers to stores and it made the 2nd quarte
Kaya just exposed some dumb and racist comments Cathy made on Facebook and Cathy trashing the Black Lives Matter protests Go read Kayaβs full post if you want all the info because damn Cathy looks awful
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This is a Repost
OP is u/suppluxmasorgtfo/
TW: Roomba induced Violence.
My husband has a very large family, in total I think his Father has 8 brothers/sisters. They all got married and had 2-6 children each. Now all their children are grown up and starting families as well. We are looking at easily I believe 15 children in the family as of right now. We all get together for Christmas every year at his Grandparents house... sounds great right? Right.
Normally after Thanksgiving or on Thanksgiving which they also all get together for we pick names for the children's gift swap. There is also a men and women gift swap which my husband and I who do not have children join in on.
Now... to give you and idea of how the gifting has been the last 10 years. Husband and I would buy gifts for his parents, his brother and wife and their 4 kids. Great, awesome. Works fine. Last year they said they would rather we just bought gifts for the kids, so we did. Same thing we'd always gotten them books at their reading level, PJs, and puzzles of some kind. They were upset but we couldn't place why, we also didn't get any gifts at all which we didn't comment on but my Husband admitted he was a bit hurt to get nothing from his parents vs his brother and sister in law getting gifts.
I am not a super social person so I spent most of thanksgiving reading a book and watching one of the youngest cousins sleep. Eventually we all gathered up so the kids could draw names of their cousins for the gift swap. They finished that up and then husband's brother who we'll just call Timmy says "And uncle Husband will buy all the kids a gift too!". Que my husband and I giving him looks of 'da fuck and fuck you'. We laughed and said "oh no haha we'll just be bringing the candy again this year.".
His brother then started in that we should buy all of the children gifts since we have none. And that it wasn't very christian of us to not bless the children with our good fortune. My husband at this point pulled him aside into the kitchen and told him he wasn't buy all of the cousins gifts, and if he wanted to he was welcome to. They started to argue and Timmy yelled that we shouldn't come to xmas anymore.
I handed over the baby, we left said we'd email them about it later when they calmed down enough to talk like adults.
I
... keep reading on reddit β‘tl;dr -- I'm to retarded to give a conclusion on whether consumer price inflation is sticking around or not. Instead this post just outlines the different inflationary and deflationary pressures in the global economy. I think it really comes down to do we start to unwind globalization or continue globalization?
A Story
Now before we begin, I will tell you a story that might explain everything or explain nothing.
After 26 years of celibacy, the challenge was no longer enough. It was time to do no nut November. However, I stupidly start decided to get a head start in October.
For days I go without touching my wee wee. My mind constantly challenges me with sexual fantasies of having a harem of beautiful Korean women. However I fight off these thoughts.
"NO, I WILL NOT GIVE IN I SHOUT" and the thoughts recede. I march onward in my quest not to nut.
But Alas, I can no longer take it! It is the morning of November 7th, a Sunday and I have nothing to do. My brain is on full sexual overdrive. This time, not only is it a harem of beautiful Korean women, but in addition, my waifu, Yoko Littner is there too!
"O HOW CAN I RESIST" I shout. "GOD SAVE ME FROM THIS TEMPTATION!"
God is cruel and does not save me. Suddenly my hands move toward my pp. It is hard as a rock. I sit in my chair, lean back and start thrusting. 20 seconds in, my fantasies have taken full control. Yoko and I are making a baby!
A flood of ecstasy fills my brain, my muscles tense. WACK. A rocket ship of thick, goopy cum smacks me in face. Between taking zinc which makes cummies thicker and not jerkin it for a three weeks, a fat thick load had erupted onto my face.
I am drained, exhausted and humiliated by the situation. I collapse onto the floor and cry, knowing I will be punished. Starting the next day, my stock portfolio has only gone done. What have I done :/?
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What is Inflation?
People will give you lots of different explanations of what inflation is but I think of inflation as having two different components.
- Asset Inflation - When the amount of money in the system expands, it is likely the value of asset will also go up. Assets are inherently scarce and there's really no downward, disinflationary pressures (value goes down for other reasons, fear, need for money, etc.). Unlike consumer goods, we can't just use the cheap labor of third world countr
