$WISH may or may not fly to new heights today. Buy the dips for sure, but do so in the knowledge that this is almost certainly in your interests to take a more traditional long position, rather than wishing for it to do a $GME on any given day.
Wish earnings beat estimates; the stonk is trading significantly below analyst forecasts and the board is finally waking up to the fact that they need to focus on customer service and help weed out shitbag sellers who send you a box of dogshit instead of a PS5.
The broader economy is heading for trouble. Inflation is up, interest rates are going up and wages are stagnating. Amazon seem to be happy to let customer service slide (longer delivery times, higher prices) all of which compound to make Wish much more attractive to budget-conscious shoppers. As the economy tanks, Wish will almost certainly rise.