The first time when I saw WISH populated here, I decided to do some DD. Many people here have done good job on DD by analyzing WISH’s financial statement or technical charts. They are very helpful but can’t answer my key suspicion as whether WISH can deliver goods on time(aka within the acceptable time frame that I am willing to take given the huge discount on the goods)
So I decided to use WISH to buy something for the first time( I didn’t know WISH at all until retards here talking about it’s price jump three weeks ago.) To me, it is no brainer that people expect relatively lower quality and longer delivery time with huge discount on products from WISH. I just want to to make sure the quality and time frame is acceptable. My assumption is that WISH will have a good future if the product quality is acceptable and product can be delivered within the date frame WISH committed when I made the purchase. So I bought the first item as showing in the attached pictures.
I bought this item on June 9th and it was said to be delivered by July 3rd. I am in Canada by the way. I picked up this item is Free on WISH. I only paid shipping $1.21.
On June 30th, I received the item as showing in the attached picture. The quality is good. But to me the most important thing is it was delivered to my mail box three days before the deadline. So it make me very comfortable to buy WISH stock as well as their goods.I think WISH has overcome its current greatest hurdle of not being able todeliver items on time due to the transportation issue caused by COVID.
Since June 8th, I have been buying and selling WISH a few times to play along with the volatility. I am always leaning towards to long side. Now I am holding 5000+ of WISH stocks. My current plan is holding it until $16ish (don’t ask me why $16. It is just a number looks right) and then play with the volatility again. And always, I will lean to long side while playing with volatility.
Edit 1: Hi, can someone help me on how to post pictures along with my text here?
Edit 2: finally I figured it out. Here is the link to see pictures and screenshots