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Could this be the turning point?
Look who is on the board of directors of AFRM, who partnered with AMZN today.
Jacquelin Reses
She is a mover and a shaker.
Jacqueline (Jackie) Reses is an American businesswoman, investor and philanthropist. She is currently an Executive Chair at Wish and serves on the board of the Federal Reserve Bank of San Francisco.
I wonder what she has in store for WISH
*GRINZ*
I believe it is very important to absorb points made on both sides of the fence as some bears have pointed out glaring issues in the past operations of WISH.
I do, though, believe that Jacqueline Reses would not insert her name and expertise into a company that has no future.
WISH is in a rebuilding process with an obvious (to those who research Jacqueline Reses's accomplishments) slant toward fintech.
As long as Jacqueline Reses is involved with WISH, I believe it has a very bright future.
“We decided to split the chair and CEO roles to both strengthen our senior leadership as well as to accelerate our long-term growth strategies.”
https://www.businesswire.com/news/home/20210512005657/en/Wish-Announces-Appointment-of-Jacqueline-Reses-as-Executive-Chair
Do you still believe in this prediction?
Former Square Executive Becomes Billionaire As Stock Surges
(What does she have in store for WISH?)
https://www.forbes.com/sites/kenrickcai/2021/08/25/jackie-reses-square-fintech-becomes-billionaire/?sh=5f510ab73b68
2021-08-23 Morgan Stanley 1,850,782 SH
https://fintel.io/so/us/wish
So, where are you getting your 84M SH?
SEC ‘Looking Closely’ At ‘Dark Pools’—Here’s What They Are And Why Reddit Traders Are Rallying
https://www.forbes.com/sites/jonathanponciano/2021/08/04/sec-looking-closely-at-dark-pools-heres-what-they-are-and-why-reddit-traders-are-rallying/?sh=22a374f52e42
Link?
10 Signs Your Company is About to be Acquired
(From Mittens/YAHOO)
https://www.griproom.com/fun/10-signs-your-company-is-about-to-be-acquired
1. Management stops defending the stock price - A quiet CEO is hiding something. Especially if a merger is already agreed upon. They don’t care about the stock price anymore,
2. 2. Social media posts are overly bearish and calling for the CEO’s removal - trying to get people to sell
3. Wild fluctuations in stock price.
4. Large amounts of phantom premium are on the table - Wall Street is trying to smash your stock down to then organize a merger
5. Sneaky option trades - When examining the options action on a stock, pay close attention to the low-volume, high-priced trades
6. “Sell this, buy that.” - their goal is to get you to sell. They do this in many ways
7. Bizarre price action prior to upcoming milestones
8. Resignations by high-level management or board members
9. Your company is unloading assets that won’t fit well into a merged company
10. Your stock has become disconnected from reality
Out with the old and in with the new...
Notice that none of the new hires are leaving.
There is a new WISH on the horizon.
Reporting on trials
From YAHOO
meiko120, insiders are not dumping this stock.
The finance team/CFO messed up, losing $10-$100K or more per every WISH employee, causing the the CFO to be fired (nicely put, resigned). All employees were forced to sell stock to cover for taxes.
The short panic may have begun...
the indicators are most obvious...
1.6B in the bank
No Debt
243 Institutional Owners (Perhaps the institutions should be informed of the "scam" declaration so they may invest elsewhere).
https://fintel.io/so/us/wish
BK?
Highly doubtful.
One more quarter to go...
$2,352,454,000 Institutional Value
177,478,043 Institutional Shares
$13.25 AVG
LEI 549300YZDCRQ367LIE74
Institutional Owners 244 total, 226 long only, 1 short only, 17 long/short
Shares Outstanding 558,000,000 shares
Institutional Shares 177,478,043 - 31.81% (ex 13D/G)
Institutional Value $ 2,352,454 USD ($1000)
ContextLogic Stock Could Pop as It Moves Into the Fintech Arena
https://investorplace.com/2021/08/wish-stock-could-pop-as-it-moves-into-the-fintech-arena/amp/
I see rather conflicting statements in this article that seems to be written prior to the 2nd quarter report being released
Good post on yahoo finance
A little bit of weekend reading...
https://www.reddit.com/r/Wishstock/comments/p45p1k/wish_dd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
I used to live in Northern Wisconsin; am quite familiar with the area.
Maybe WISH can buy a cabin in da YOOPER woods...
Ben dere...
https://dayoopers.com/
*GRINZ*
*Skied dere too!*
YOOPERS LUV WISH!
Buy ContextLogic Stock Before It Bounces Back From This Steep Drop
https://investorplace.com/2021/08/wish-stock-is-very-enticing-after-a-steep-drop/
Welcome to the Wonderful World of WISH
It does not appear so...
IF we close above 10 today...
you will know that the pipeline has a faulty weld...
Only 10X more volume and we are off to the races...
*GRINZ*
Seeking Alpha discusses the 36k salary and bonus structure for new Exec Chair and co-head Jackie Reses in order for the PSUs to fully vest, "WISH’s price would have to “go up >2x from the company’s stock price on April 20th, 2021 by May 15 2023. On April 20th, the stock closed ~$12/share, so the stock needs to touch ~$25 for her to fully vest those PSUs” and that the stock would have to hit $36 for the PSUs to max vest."
https://seekingalpha.com/article/4437995-contextlogic-inc-meme-stock-buzz-just-cherry-on-top
(Imported from YAHOO board)
With 12 trading days to go, this could be quite interesting...
Volume precedes price... could we be so lucky as to ascend on low volume?
(I do not understand why i hub used HTML on the word "price".
Chief financial officer Rajat Bahri resigned (got the boot) from Wish on July 23 (Effective date last Friday).
Do you think they will waste any time announcing his replacement?
Today?
Investigating What $WISH Is Building | Part 1