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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (81071)	8/31/2023 11:42:58 PM
From: Lee Lichterman III	3 Recommendations Recommended By Berk Bocor skier31 Read Replies (2) \| Respond to of 96707

ZIRP and hopium then the proverbial 2x4 of reality hits them in the forehead. Tons of it still going on. Just wait a few years then look at the Russell 2k and especially the Russell 3k. Half of them are going to just vanish. Many of the ESGs are dying now that the hype has moved on to AI. Pot stocks got a bounce recently but they are mostly doomed. The AI stuff will implode once the winners are identified and the rest will go the way of the dotbomb stocks where over 90% and most of the early leaders disappeared or were merged for pennies on the dollar. I've seen so many of these in my life. There's always something. It's like pet rocks, cabbage patch kids, beanie babies, magic pyramid power, aloe, orange cleaners, lemon, coconut oil, beet juice, vinegar, kale, seaweed, vitamin B12, E, C,D, K, UV light treatment, Teflon, fiberglass clothing and dinnerware, visionware, etc etc.

To: Sun Tzu who wrote (81071)	9/1/2023 7:18:39 AM
From: Qone0	3 Recommendations Recommended By bull_dozer Lee Lichterman III Sun Tzu Read Replies (1) \| Respond to of 96707

That's easy. Can't make any money in their business so they sell massive amounts of stock. The stock was never 1000. That chart is split adjusted. Without the split it went from $24 IPO to 17 cents. Dec. 15th 2020. ContextLogic aims to raise up to $1.10 billion. It will offer 46.0 million Class A shares in the IPO, which priced Tuesday night at $24 a share, at the top of its range. Wish or the “Company”) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, announced that today, April 11, 2023, effective at 1:01 pm Pacific Time (4:01 pm Eastern Time), the Company will effectuate a 1-for-30 reverse split of its Class A common stock (“common stock”). The 1-for-30 reverse stock split will automatically convert 30 shares of the Company’s common stock into one new share of common stock. No fractional shares will be issued in connection with the reverse stock split. Stockholders of common stock otherwise entitled to a fractional share as a result of the reverse stock split will automatically be entitled to receive an additional fraction of a share of common stock to round up to the next whole share. The reverse split will reduce the number of shares of outstanding common stock from approximately 695,000,000 shares to approximately 23,170,000 shares. Additionally, outstanding equity-based awards and other outstanding equity rights will be proportionately adjusted.