My guess: Tomorrow may be the last high positive, very likely and it is just my inference that market may be worst condition by that time, inflicting max pain starting from April 10th or around.
This is pure inference/guess work, sharing my thought process, no one should depend on these statements as it can 100% go wrong.
I noticed it when it popped on my screener the same day Zoom video communication was up a ton. Lol. People who didn’t pay attention and get the right company.
Time for @Jil to FOMO purchase back into the market. He probably doing so but didn’t want to say. There is no way a swing trader can withstand out of the market for long.
As I said NO FOMO, I am firm on market going down, see my comments on today market!
Today evening appx after 12:45 pm PST market swing down and VIX will go up. This is the trend going on every day since Feb 14th.
Never believe anyone or any news…market makers fooling retail investors.
I have just some fun spy puts…and vix calls…bought today…let us see !
What do you guys think of Zoom and Slack now? Do you believe they will grow into their valuations?
They clearly are signing up a lot more customers in the short term. How many will cancel once people go back to the office? Zoom is impressive in terms of how lean they are run. I worry they are saturating the market and what will their next product be? People love Slack. I’m not sold on their financials.
My only problem is that ZOOM is in a market with a technology that is 18 years old and the market is pretty matured.
Will it be able to convert its quality into money? In other words, it is good, but will someone pay for it?
Eric Yuan built a tech unicorn in the unflashy business of enterprise communications. Then, suddenly, the world needed it to be something else.
Heard interview with Eric Yuan of Zoom today on Bloomberg Radio.
It was very refreshing to hear a CEO admit mistakes and saying they are just trying their best to address all the issues. He also said the company’s stock price was “ridiculous.” No spin. I liked it.
Maybe it was just an act but I bought it.
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If you haven’t read the cover piece from BusinessWeek above, check it out. Pretty good read.
I have a feeling these guys will get bought by some one with deep pocket like MS or Google.
He’s an honest CEO. He continuously wonders why the stock price is so high. Very few CEOs even care to think along similar lines.
SHOP is flying now. It had that second dip to $350 the boom. I didn’t time the exact bottom, but I got in below my selling price with more shares and made some money selling put options.
Don’t fight the Fed still rings true,
It’s near 52 week high again. Do you still like Okta at current prices?
I hate buying at an ATH. I’d rather momentum trade options and wait for a drop to buy.
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