ContextLogic (WISH) Stock Is More Than 'Just' a Meme Stock

I'm not going to lie, ContextLogic (WISH) stock may meet all the requirements for a meme stock, but it also has something other meme stocks don’t…

Meme trading is a phenomenon that will be here for a while, so it’s worth learning how take advantage of the current market climate.

One problem with trading meme stocks their irrational behavior. Non-traditional reasons for investing, like free popcorn, soon become valid reasons to adore certain stocks, making prices go wild, in unpredictable ways.

But every now and then, meme stock traders make solid decisions, unknowingly, on which stocks to pour their support into. That's what happened with WISH stock, which drew retail investors’ attention due to its small float and high short interest.

WISH stock is ripe for a social momentum trade as it checks all of the boxes meme stocks are required to, and it’s starting to see the effects of that. WISH stock surged 50% yesterday and popped off another 40% today, before since fading into the red.

To hear more about the bull case for WISH stock, watch the video above!

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this video.

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#WISH #ContextLogic #Ecommerce #MemeStocks

Видео ContextLogic (WISH) Stock Is More Than 'Just' a Meme Stock канала InvestorPlace