Waiting Patiently
Hey guys,
I wasn't paying attention to this stock as it was hyping up to record highs. I didn't really pay any attention to it, until I noticed it had a laughable P.E. ratio of over 1400. Now I am paying attention! I see a big bear candle on the weekly, a bearish divergence on the RSI on multiple time frames, and now am waiting for a retest of previous levels so I can enter a short, or buy some puts. Oh, there is also a bunch of negative PR on this stock as well, not that it really means anything. I just believe that Google and Microsoft could implement what Zoom is doing with little effort, and probably do it better (and with better security). I will be shocked if Zoom is around in 5 to 10 years, unless they get bought out by a bigger company. Anyways, let's short this down to a more realistic P.E. ratio. Happy trading guys!
I wasn't paying attention to this stock as it was hyping up to record highs. I didn't really pay any attention to it, until I noticed it had a laughable P.E. ratio of over 1400. Now I am paying attention! I see a big bear candle on the weekly, a bearish divergence on the RSI on multiple time frames, and now am waiting for a retest of previous levels so I can enter a short, or buy some puts. Oh, there is also a bunch of negative PR on this stock as well, not that it really means anything. I just believe that Google and Microsoft could implement what Zoom is doing with little effort, and probably do it better (and with better security). I will be shocked if Zoom is around in 5 to 10 years, unless they get bought out by a bigger company. Anyways, let's short this down to a more realistic P.E. ratio. Happy trading guys!
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