To The Moon

$ContextLogic Inc.(WISH)$High institutional owned stock: 96%. Meaning institutions have high control of this stock over retail traders. Could also mean it’s where the smart money is.Last month’s lock-up expiration July 14 of 46mil shares price at $24. Wish ipo price is also at $24. For the near term i believe $20 is a possibility. Might consider safe play such as (short puts option strike price of $9 or $10) which i dont mind being assigned riding it to $18-$20 or a leap option with a target sell price $18-$20“the greatest problem Wish faces is a clear path to profitability. It spent $470 million in sales and marketing expenses in the first quarter, which is more than its entire gross profit and accounted for 61% of revenue. The company has run into

Good one

Arkk’s investment, a win win situation

Ok

AppleIs the best

Thanks

Nice

Ark ftw