Many WISH videos being produced this weekend!

Very interesting

Jamie Anderson
@Mr_marinetti @wish @1sansome

I found this explanation on Twitter; thanks for kick-starting the thought process...

I spent some time reading Glassdoor on $WISH. Look what I came across.

It appears many of the insider selling (including employees who would have added to the selling pressure) was to pay for taxes.

And CFO most likely was fired but they always use the word "resigned". pic.twitter.com/QiqgiZXq0K

— Losing2Winning Trades (@Lose2Win_Trades) July 4, 2021

Is there any constructive input as to why the officers have sold shares so close to the ER and @9.00?

I find this very confusing; do they not have faith in the value of the company?

Signs of life emerging?

Watch that volume!

Is the squeeze starting?

Don’t Worry, ContextLogic’s Story Hasn’t Been Fully Written Yet
But the next chapter could very well include massive progress and success for WISH stock


https://investorplace.com/2021/07/wish-stock-contextlogics-story-hasnt-been-fully-written-yet/

VERU has put the "do not disturb" sign on the doorknob;
it may remain there until this coming Winter when it comes out of a reverse-state hibernation.

Revisiting something very important...

Jacqueline Reses Executive Chair was just hired to turn around the company. Remember she was on the Board of Directors Alibaba Group, which happens to be e-Commerce. Here are some of her highlights:

1. Vice President Goldman Sachs
2. Chief Executive Officer iBuilding, Inc.
3. Partner, Head of Media Group Apax Partners
4. Board of Directors Alibaba Group
5. Chief Development Officer Yahoo
6. Capital Lead and Executive Chair of Square Financial Services, People Team Lead
7. Chairman, Economic Development Council
Federal Reserve Bank of San Francisco

https://www.businesswire.com/news/home/20210512005657/en/Wish-Announces-Appointment-of-Jacqueline-Reses-as-Executive-Chair

May 12, 2021 04:06 PM Eastern Daylight Time
SAN FRANCISCO--(BUSINESS WIRE)--ContextLogic Inc. (d/b/a “Wish”) (NASDAQ: WISH) today announced that the company has appointed veteran technology executive and current Wish board director Jacqueline Reses as Executive Chair. Wish Founder and CEO Piotr Szulczewski will continue to serve as Chief Executive Officer. Ms. Reses was most recently the Executive Chairperson of Square Financial Services LLC and Capital Lead at Square Inc. This new leadership structure, which separates the roles of chair and chief executive officer, will support the business in its next phase of global growth.

“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.”

In this newly created role, Ms. Reses will remain on Wish’s Board of Directors as well as lead the company’s critical commercial functions including customer experience, brand communications, strategic partnerships and Wish’s organizational growth.

“Jackie has an incredible track record of driving commercial success while creating highly engaged, culture-driven work environments,” said Wish Founder and CEO Piotr Szulczewski. “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.”

Throughout her more than 25-year career, Ms. Reses has helped technology, ecommerce and high growth start-ups launch new products, markets and revenue streams. Prior to Square, Jackie was the Chief Development Officer at Yahoo where she ran partnerships, acquisitions and investments, significant corporate tax transactions, as well as human resources. She also served on the board of Alibaba Group where she helped steward the company’s transition from a private to public company. Ms. Reses began her career as a finance executive at Apax Partners, a global private equity firm and Goldman Sachs. She holds a B.S. in Economics with honors from the Wharton School of the University of Pennsylvania.

Currently, Ms. Reses serves on the board of directors of Pershing Square Tontine Holdings, Ltd. and Affirm Inc. She is also the Chair of the Economic Advisory Council of the Federal Reserve Bank of San Francisco.

"With a rapidly growing customer base in over 100 countries, Wish is at an important inflection point as we work to reimagine the future of ecommerce,” said Ms. Reses. “I am excited to partner with Piotr and the Wish team to deliver a broadening set of products and services to our passionate global community.”

WISH Receives Payment Institution License for E.U.; Street Remains Cautiously Optimistic

(For some reason [yeh, sure, i hub] there is more to the story linked above in the i hub supplied daily TipRanks "NEWS" feed)

Here is the complete story, not the abridged story as posted)


https://www.tipranks.com/news/wish-receives-payment-institution-license-for-e-u-street-remains-cautiously-optimistic


ContextLogic Inc. (WISH) announced that its Dutch subsidiary ContextLogic B.V. (CLBV) has been granted a Payment Services License from the Dutch Central Bank.

ContextLogic is an E-commerce platform that facilitates transactions between buyers and sellers. The stock is gaining a lot of attention amid the meme stock frenzy, with WISH gaining 53% in the past month compared to a six-month decline of 43.2%. (See ContextLogic stock charts on TipRanks)

The new Payment Services License will allow the company to process transactions directly and will help in managing the payments value chain in a compliant manner. This will also reduce the company’s reliance on third parties.

Along with the Netherlands, the service license will also be passported to other European markets where WISH operates, thereby increasing its scope of seamless payment processing throughout the E.U.

At first, the company will only use the license to pay its E.U. merchants directly and will explore other payment services later.


Ward Homminga, Regional General Manager of CLBV, stated that the license will allow the company to become a payment service provider in Europe and added, “Not only will it deliver cost savings as we eventually maintain control over our payments processes, but it will also provide a framework to explore opportunities in the payment services space.”

Evercore ISI analyst Shweta Khajuria recently downgraded the stock to a Hold following the news that the company’s CFO Rajat Bahri was resigning from his post effective July 23.

The analyst has a price target of $13 on the stock implying 17.7% upside potential to current levels.

Khajuria believes the resignation raises execution risk and said, “We are stepping to the sidelines post the news as we believe the departure of a tenured CFO this early post an IPO is a negative.”

The stock has an overall Moderate Buy consensus rating based on 2 Buys and 3 Holds. The average ContextLogic price target of $16.80 implies 52% upside potential to current levels.

WISH Stock: Why Reddit Favorite ContextLogic Is Climbing Today

https://investorplace.com/2021/07/wish-stock-why-reddit-favorite-contextlogic-is-climbing-today/

WISH Stock: Why Reddit Favorite ContextLogic Is Climbing Today
Here's the key catalyst taking WISH stock higher today

By Chris MacDonald, InvestorPlace Contributor
Today’s move of 4% to the upside for investors in ContextLogic (NASDAQ:WISH) and WISH stock is significant. Indeed, this move comes on an otherwise red day for the markets, and growth stocks in particular. Accordingly, it appears retail investors have found more reasons to be bullish on WISH stock.

As an e-commerce platform focused on low-cost, affordable goods, ContextLogic’s Wish platform has largely been overlooked by the markets. After all, this is a small (but fast-growing) player in the e-commerce space. And the company’s market capitalization of $7.5 billion leaves a lot of room for interpretation.

Retail investors banking on Wish taking market share away from e-commerce leaders such as Amazon (NASDAQ:AMZN) may be getting ahead of themselves. However, the fact that Wish targets a very different consumer segment and has grown its platform to over 100 countries with half a million merchants globally is worth noting.

Today’s move appears to be a continuation of the momentum this stock has seen in recent weeks. However, the company also has a specific catalyst driving WISH stock higher today. Let’s dive into what this catalyst is for intrigued investors.

WISH Stock Climbing on EU License
Today, ContextLogic announced the company has been granted a Payment Services License by the Dutch Central Bank. This license is important in that it provides Wish the ability to process transactions, increasing the company’s control over the payments value chain.

From a vertical integration standpoint, the potential implications of this announcement are big. ContextLogic has the potential to reduce its reliance on third-party payments providers. The company expects to be able to use this license to pay merchants directly, a move that could create margin expansion. While consumers won’t feel the impact of this move, from a business standpoint, this license could provide a nice bottom-line boost.

Accordingly, investors are liking the positioning of ContextLogic today. What ultimately comes of this remains to be seen. However, today’s announced license approval is a step in the right direction. For shareholders in WISH stock, the hope is that this catalyst can provide meaningful profitability over the medium term.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

From BobDole YAHOO
$WISH
HUGE NEWS! PART 1

IF YOU DIDN'T HEAR YET, BIG INSIDER INFORMATION was "publicly" and "accidentally" released. I discovered it on Glassdoor (as Glassdoor does not let you delete posts). The finance team/CFO fucked up, losing $10-$100K or more PER EVERY WISH EMPLOYEE and the CFO got fired. Basically ALL EMPLOYEES were forced to sell more stock to cover for taxes. In other words, this is a buying opportunity due to the CFO's screw up.

On top of that, over $320+ million of the expenses in 2020 fiscal year (10-K) were due to the IPO, and therefore considered 1-time items. Q1 ending in March, 2021 10-Q. Based on a projected $400-$500 loss annually, their $1.8 will last them 2-3 years minimum.

Shorts want to scare you into thinking CFO jumping ship and insiders are selling like rats jumping ship but fact is the CFO fucked up and got canned, forcing all employees to have to keep selling stock to pay for taxes.


7/4/21, 06:46 PM
PART 2

Insiders were FORCED TO SELL STOCK to pay for taxes since Feb through to even just weeks ago!

BobDole_Yahoo
Bullish
7/4/21, 06:47 PM
PART 3
1-time expenses related to the IPO were the same RSUs that the finance team/CFO fucked up on, leading to the insider sellings, leading to public panic selling.

BobDole_Yahoo
Bullish
7/4/21, 06:48 PM
PART 4

Here on Glassdoor, the company gave out insider information, confirming they were reorganizing at higher levels (i.e. canning the CFO)

BobDole_Yahoo
Bullish
7/4/21, 06:50 PM
PART 5

In summary: The insider sellings had a lot to do with paying for taxes because the finance team/CFO fucked up and cost EACH AND EVERY SINGLE WISH EMPLOYEE $10,000 to $100,000 OR MORE! This caused the stock price to sell off from IPO. This is a buying opportunity. The "massive losses" are 1-time items related to the IPO. Q-1 has better figures showing real numbers going forward.


7/4/21, 06:53 PM
@BobDole_Yahoo Hmm. You should post this on yahoo finance and wallstreetbets. It would be nice if others could/would vet your info, and perhaps publish some articles about it.

BobDole_Yahoo
Bullish
7/4/21, 06:55 PM
@dfm I already posted to my 1K Twitter followers and on Yahoo Finance. I can't post on Reddit so someone else will have to. You can vet the info yourself. Just a matter of time before smart people figure this out too. Go to:

1. Glassdoor's website and look at the employee reviews, based on recent dates.
2. Look at the 10-K annual report on sec.gov/
3. Look at the FORM 4 filings on streetinsider.com/

12.2M Shares shorted Friday July 2 which equals 77% short. Bring on the volume tomorrow, Tuesday, July 5 and fry those shorts!!!!

Contextual Logic $WISH seeing mass retail investor interest as undervalued momentum stock

https://utradea.com/positions/Contextual_Logic_WISH_seeing_mass_retail_investor_interest_as_undervalued_momentum_stock_

WISH closes 16:00 @12.24

16:05:31 4,038,987 shares at ASK $12.439. = $50.2423 Million

That is betting more than $807K that the SP will be over 12.44 prior to any profits..

I like the confidence.

IGNORE THE "NEWS" FEEDS ABOVE IN THE HEADER

WISHPOND has nothing to do with this WISH (Contextlogic Inc) and the other daily StockInvest.us fake "NEWS" feed is an obvious paid "NEWS" plant. I have asked Admin to look into this, but they have ignored my request. I do not know how these feeds are posted and there is no way for a mod to delete them.

FROM REDDIT:

Posted byu/Spursreporter
7 minutes ago (3:39 PDST 6-26-21)
Take My Power
The Enemy of My Friends: Yes Citadel Owns $WISH But They've Been Shorting It Too
DD
In recent weeks ContextLogic Inc. NASDAQ: WISH has been dubbed the next meme-stock, and it has exploded in volume since being first discovered by users on WallStreetBets a few weeks ago.

The stock had lost a huge percentage in value since going public in 2020 despite the fact that the e-commerce sales app has more than 100 million monthly active users with a revenue of $2.5 billion, growing 31%- year-over-year. The drop appears to be the result of heavy shorting and naked shorting during that time, and despite it's recent bounce NakedShortReports still shows that the firm is still one of the most heavily naked shorted firms along with AMC Entertainment Holdings Inc. NYSE: AMC, BlackBerry Limited NYSE: BB, GameStop Corp. NYSE: GME, and medical insurance technology company Clover Health Investments Corp. NASDAQ: CLOV. This has led to many rumors on both sides that Citadel, easily one of the most hated Short Sellers by retail investors has both been pumping and shorting certain stocks which are seeing momentum caused by retail investors.

The latest, albeit delayed 13-F Filings actually show that Citadel Advisors, Jane Street Group, Llc, Susquehanna International, PEAK6 Investments LLC, and Group One Trading, L.p. are among the hedge funds that have reported some of the largest short positions in $WISH during their last reporting period. It appears that Citadel had begun to cover 12.57% of their position, but others pounced and shorted even more as shares dropped below the $17 range.

Funds Whose Short Positions Have Increased

Susquehanna International Group, Llp 397.39 %
Wolverine Trading, Llc 85.12%
Group One Trading, L.p. 4,351.43%
Simplex Trading, Llc 167.69%
Cutler Group LP 592.22%

https://www.reddit.com/r/wallstreetbets/comments/o8kp1t/the_enemy_of_my_friends_yes_citadel_owns_wish_but/

Yeh... my last brilliant trade cost me half my trading funds, so I had to cut back on WISH...

BUT

I expect WISH to make that up... plus...

*GRINZ*

Took a small 6400SH position this morning @13.28

I am smiling already!

Pretty sad movement downward once again... *SIGH*

Friday calls will affect the SP and then...

There is too much chatter out there to ignore this movement!

Hopefully, the low 13's will form a base and catapult us upward.

Just jumped in on the morning dip

Here you go...

I did not think so, as Cramer got burned on the last show when Steiner lied to him. I doubt Cramer will have him back.

What day was this on Cramer's Lightning Round?

Recently?

"Veru has an analyst consensus of Strong Buy, with a price target consensus of $21.33, representing a 142.1% upside. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $24.00 price target."

https://www.markets.co/veru-veru-received-its-third-buy-in-a-row-4/321497/?ref=tipranks

Break and stay above 8.50
we will be off to the races.

Charts are meaningless with a long term play such as this.
What affects the immediate SP is a surprise...

like PRVB had today.

VERU has 2 events happening in the beginning of June.

The COVID application can show favorable at any time in the trial and proceed into production, relieving the 3rd World's hospital strain.

One just never knows when good things appear out of nowhere...

That will never happen.

There are too may "its" working VERU.

Who is "it"?

I've got over 10K SH you can have @19.97 *GRINZ*

And there is the double barreled load... next week... earnings...

YE$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

The market wants hard facts; only pre-market May 12 will deliver these facts. Presentations are not going to move this stock as everyone already knows what they are working on IMO.

Within 7 trading days, I bet you will recant those words...