 Boom What's up money geeks mr. V here welcome to another video guys so into this video we are going to talk about ticker symbol w ish Which which is actually owned by context logic That's the name of the the murder ship or the company that actually owns wish Um, so again, this is like our one of the largest e-commerce platform in the world even though A lot of people don't even know about them So you want to talk about largest e-commerce platform people most people would think about amazon or alibaba But wish is also right up there and the reason why wish doesn't have that same reputation like the amazon in alibaba is because it's so targeting mostly developed country developing countries and so They don't really have that same reputation because you can see People in developing countries can order stuff off of wish and which most of it comes from china and they will ship it to them I don't know about the reputation of the products that they get But I know for sure that the company has a broader Market for everybody around the globe. So that's what I want us to talk into this video The stock again has been on Talked about a lot on social media on twitter and in reddit community So, uh, I want us to make sure that we cover this here so that everything Kind of go through a short squeeze. We don't miss out So before we get started guys if you're new to the channel But to cover how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content again guys Wish has been trending on twitter and in ready communities for weeks now So to the point where it's actually cut the eyes of retail investors Um, not just due to their numbers But also because it looks like some of the retail investors are looking at and saying Wish is on the value. So wish currently has 338 million shares float and 97 of that is actually held by institution and Insiders so the stock Right now has about 15.7 percent of its shares held as short which is, you know, one of the things that People look at we start looking at when the company again with retail investors and reddit communities when a company is starting This start seeing yes their stocks are highly shorted like that um People want to go in there and short squeeze it to force all these Hedge funds to actually cover their positions and by so doing drive the price of the stock up So again, if you see on social media a lot of people are talking about it And they'll believe that the company should be trading higher than where it is today So for the full year of 2020, we should actually report a revenue of about 2.5 Billion that is a 34 increase year over year and said it had 107 million monthly users 19% growth year over year So basically just looking at this information You can see that the company right now in my personal opinion is on the value if you can look at that because we see companies that haven't even Showed any profitability Has no reason to be trading that high look at stuff like quantum skip Even most of the electric vehicle stocks that we have today They don't mean have any the only thing they have right now is that they have a concept We want to build a concept car for the future and yet they're trading higher than the company that has 2.5 billion in revenue revenue or that reports 2.5 billion in revenue So again from a user base, you can see that they have 550 thousand Partners merchant partners you can see here on the screen. So here is like just 500k but they have over 550 merchant partners that That's where they generate a lot of their revenue from because they charge people to post stuff on their platform And then when they have people that can then go there and buy so I mean Numbers don't lie. So if you look at these numbers unless they are inflating the numbers I think this company Should be trading higher than where it is trading right now as we know this company actually went public last year I think december of last year And then so the stock came out about 22 dollars and then kind of they'll rip up to I think 32 dollars for a high back in january Before turning around and pulling back as of march april May they start just pulled back to a low of seven dollars in 52 cents, which is kind of crazy So again, if we just take a look at the charts here, you can see right now The stock is sitting at 14 dollars. So if you just go back when it pulled back to that seven dollars Let's just go back here six months. So you can actually see So this is back in may around may 26 this stock was sitting somewhere about seven dollars and Seven dollars and 50 something cents, which is kind of crazy. So just between may Uh, this is right june 1st and right now in june 25th. The stock is Double in value. So it's gone from seven to 14 that's only doubled in value. So again people on reddit and uh on twitter these retail investors Thinking that this stock should be doing better than it is doing right now So I get what i'm looking at this week based on the amount of talk that this talk is getting We should potentially see some sort of a short squeeze Coming out of this stock right now because again, everybody is watching it You know what happens when people are watching they're not just looking at the stock They're picking up Positions to try to make sure that the stock don't take off and leave them behind And when more people stop buying what happens the price of the stock goes up Again, I talked about the fact that the stock has a short interest of about 15.5 So again, that is significant. So you would see retail investors again This is like an army when they find a stock like this They can go after it and push the stock at the price of the stock to the point where You know, anybody that was shorting this stock Would want to throw the white flag and run and you don't just throw the white flag We have to cover it when you cover It makes sure the price of the stock keeps going out because you're buying to cover your short position Which is a good thing for people that Can get in early. So again guys here is my strategy for the week I'm going to I'm going to get up early Monday morning early and right now I was going to do 32 things. I was going to buy some call options But I cannot trade options at that early in the morning because you can't trade options at time options You can only trade them during regular market hours. So what I'm going to do I'm going to get up in the morning I'm going to pick up some some shares Again, I use my stop loss because I don't want this thing to pull back Massively and I'm holding it because I mean, I don't want to be in that situation So I'm going to use a stop loss just to protect myself and then as soon as the market opens I'm going to buy some call options. Just hold it And see maybe expiration There will be like July 16 or July 20 somewhere within that range and see how it goes And if I see like things don't want to go my way, I'm going to cut my losses as soon as possible And leave I know people are going to say hey, let's like build the army like holding and be in there That's cool. I'm going to hold a little bit but for For me holding a massive position is just risking my liquidity because I want to be using that that that cash to be trading Other stocks as well. So I'm going to put some some in there. It can hold that For a while, but I'm not going to take all my liquidity and just put it in there because again, like I said, I need that liquidity for Trading so that's what I wanted to cover in this video guys again Just a recap here. Which is one of the stocks that has been talked about massively on social media So twitter and in reddit communities Most retail investors are looking at the stock and thinking the stock is on the value And the fact that they have are a short interest about 15.5 They think that there's an opportunity here to short squeeze this particular stack So I'm going to be watching it this week and see where it goes from there So again, let me know in the comment section what you guys think are you going to be trading? Which are you watching it? Do you have it on your watch list? If yes, again, let me know in the comment section if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth If there's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on your content also guys if you are new to the channel guys Don't hesitate to click the link in the description to join our Discord community where we talk about trading and exchange ideas and send alerts and watch list For the week. So definitely Join that in us always guys. Do your due diligence. Don't be greedy savage and stay motivated