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$WISH Diamond Hand DD & why it’s still a Buy

# HOLD & BUY $WISH WILL FLY πŸš€πŸš€πŸš€πŸš€πŸš€

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https://preview.redd.it/lh0esrb1tdb71.png?width=996&format=png&auto=webp&s=357dfecbb338f97c05a003a9839bcce7b71d4872

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After reading this DD, I am sure you’ll be convinced to diamond hand $WISH.

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**What’s going on with $WISH? and why is it bleeding so much?**

This is a correction and a very healthy one. The volume on $WISH was insane and was constantly being pumped & dumped. A lot of people who bought this initially at 10$ sold it at 12$ and got back in between $12.5 to $14.5. If you look at Ebay, Overstock, Etsy, Jmia, Amazon – You’ll notice a simple trend. All of these stocks got dumpstered really hard before they mooned.

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**EBAY**

If you look at this chart, you’ll notice how in 2009 and 2018 Ebay took a huge dip. Look at the stock price right now. It’s at ATH.

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https://preview.redd.it/ispg21dujcb71.png?width=2140&format=png&auto=webp&s=1b6bca9d06747e1ac4f2a43405e77b24b30a7bf3

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**AMAZON**

Amazon went from being 120$ in 2002 to 25$ in 2006.RIP to those who paper handed amazon. Look where the stock is trading right now. It’s at ATH.

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https://preview.redd.it/mfwt8y6nkcb71.png?width=2140&format=png&auto=webp&s=26d35bc9d3e368f0b118bc9e01bbdf79c81c80df

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**JMIA**

Amazon of Africa known as JMIA went as high as 40$ after IPO and then dipped to 15$ ish. This stock went from 15$ to 65$ within a period of 6 months. I know WISH cannot be compared with Amazon, but it can definitely be compared with JMIA. WISH and JMIA have pretty similar chart except WISH hasn’t mooned to $69 yet and JMIA has.

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https://preview.redd.it/fyblai46lcb71.png?width=2136&format=png&auto=webp&s=adddea2c354ae2017d48fbf8445df1ee22f2dcb7

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**ETSY**

$WISH can be compared to ETSY as well. This company was trading around $25 after their IPO and then later on went as low as 15$. Look at the current price of ETSY now – This stock is trading at $182 a piece.

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https://preview.redd.it/6r69dysllcb71.png?width=2138&format=png&auto=webp&s=7e068c48ea964a0fef3a585fd8087a3e3f59b213

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**OVERSTOCK**

This company was trading at 65$ in 2018 and dropped to 10$ in 2019. This is pre covid by the way so pandemic and covid had no impact on the stock price. I am not taking covid into consideration for any of the dips because it’s an outlier. This company is currently trading at ATH as well ($80/piece).

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https://preview.redd.it/xlbwdki4mcb71.png?width=2142&format=png&auto=webp&s=4f66a40105bfbf2de0fdf07f397855b392f639e0

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**Now let’s talk about Warren Buffet**

A random person from audience asked buffet how can he turn 10K$ into 30B$ in today’s world.

Mr Buffet replied “Find small companies and invest in them, make sure to invest in companies that have a good future”. I believe we have found such company and that company is $WISH.Here’s the video : [https://www.youtube.com/watch?v=Iy0tXMtZGCA](https://www.youtube.com/watch?v=Iy0tXMtZGCA)

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***How do I paper hand? My wife goes for a sleepover to her boyfriend’s house everyday because I don’t bring enough tendies?***

Here are my few tips

1. You need to forget this stonk for few months.
2. Think of it as an investment or savings into T bills.
3. Don’t keep looking at your position.
4. Average down by selling weekly covered calls.
5. If you have 10K$ invested in WISH then you can probably make around 100$/week selling OTM covered calls. Think of it as a passive income. Let’s say you buy a house and the value of the house falls. Do you then instantly end up selling the house? No you don’t. You instead rent out a bedroom and constantly collect monthly payments. The idea of covered calls is very similar to that. It’s a passive income.
6. Delete Robinhood

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****Conclusion -****

All e-commerce websites have taken a huge dip after IPO (LIKE HUGE) and then recovered. The dips on the company I mentioned were worse than WISH. I wouldn’t be surprised if WISH trades at 6$/piece for a while.

Do not PAPER hand this company.

The company has a potential to shoot up to 60-100$+ if you have some patience.

If you’re down a lot then consider selling weekly covered calls but make sure your strike price is higher than your avg cost.

The company has a lot of CASH and a lot of Revenue. I am sure they got something up on their sleeves.

A lot of institutions and top wall street analysts are holding this stonk. There’s no way it doesn’t go up.

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**THIS IS NOT A FINANCIAL ADVICE**

What do you think?

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45 Comments

  1. $WISH there is enough market share in e commerce let’s be real. The niche is dollar store of the world and primarily covering developing nations until PPP and economies to scale is reached. Also anti monopoly sentiment recently going against amazon. The world population continues to grow and new money is made everyday and that means wish with its slick GUI and fun interactive platform will only enhance everything from prices to delivery logistics with more and young consumers. It’s important to note that new money is made everyday with globalization and increasing world population.

  2. I’m down bad, but still holding. $WISH is the cheapest online shopping APP rn in the market, but they make BILLIONS. Read that again, definitely a good stock to buy as my prediction say it will soar to around $30+ soon!

  3. I love how your DD is basically, “these companies are in e-commerce and they dipped too” without actually pulling up or looking into why those dips happened.

  4. Not gonna lie, I got in to join the $wish theta gang and print those easy CCs.

    Now when I’m writing calls I gotta be careful cause I want to keep holding the stock.

  5. Bagholding. Not sure WISH is a good company though, it sells absolute shit and therefore depends on a neverending supply of idiots for customers. To be fair, though, nobody ever went broke underestimating the intelligence of the average person.

  6. I bought 2000 shares at 13.3 and I don’t feel very worried right now. I don’t plan to make short term plays on it, I bought, now I can just sit back and wait for it to be 50$+ in a year or two.

  7. I just keep on writing those otm caIIs. Some of them have same bids at 10 cents even at higher strike prices. I own so many wish shares now that I can just hit the bid at 10 cents sell covered calls expiring weekly and reap in same proceeds in premium as if I were to be working at some mundane office job in income per week

  8. Bought another LEAP call @11 yesterday when paper hands were selling their wishes. Just remember this isn’t about that shitty knock off product store as it is today, its about the underlying data collection and analytics that gives WISH significant forward value.

  9. When Buffet said invest in small businesses he meant buy them, as in buy the whole business, turn it around and make it profitable. He’s credited with being a stonks king, but 99% of Berkshire Hathaways money came from mergers and acquisitions and then diversified into stocks on bigger businesses.

  10. I think the only reason it’s going down today because of the calls at the $10 strike and above which are a lot. MM want to keep this thing under 10. The good news is that when this thing reverses it’s going to fly. Looking at the price action there is a lot of buying pressure and I don’t think that’s going away.

🐢2Dogs1BowlπŸ₯£ sounds familiar? Its not girl dammit | The most HYPE meme coin is coming your way | One of the most Dev team I’ve seen so far | Based AF | For once, DONT miss the rocket because we don’t come back

Keep the Diamond Hand Mentality