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Posted On: 02/26/2020 11:47:11 PM
Post# of 32688
Caveat: Not a chart expert, however I know the basics.
What my post focused on was the stock price behavior of ZM in the past several days. While the market came unglued ZM barely flinched....indicating that institutions and traders were clinging tightly to their positions. In a major selloff the strong stocks are last to be sold and the first to recover (as a general rule).
Also of note ZM has been strong for 12 weeks, climbing without pause.
Looking back to their IPO the stock initially catapulted probably fueled by VC's and IB's and got ahead of itself. As red posted earlier revenues were strong and the stock has since recovered its strength.
An aside: VERB has not had VC backing, this compounded by a very weak underwriter resulting in the very disimilar chart patterns. To be fair ZM was probably much further along with their business plan when they went public
As VERB gains exposure they could take a big chunk of the lucrative webinar business. ZM market cap is 1000x VERB. Ponder that.
https://stockcharts.com/h-sc/ui?s=ZM&p=D&...6450094471
What my post focused on was the stock price behavior of ZM in the past several days. While the market came unglued ZM barely flinched....indicating that institutions and traders were clinging tightly to their positions. In a major selloff the strong stocks are last to be sold and the first to recover (as a general rule).
Also of note ZM has been strong for 12 weeks, climbing without pause.
Looking back to their IPO the stock initially catapulted probably fueled by VC's and IB's and got ahead of itself. As red posted earlier revenues were strong and the stock has since recovered its strength.
An aside: VERB has not had VC backing, this compounded by a very weak underwriter resulting in the very disimilar chart patterns. To be fair ZM was probably much further along with their business plan when they went public
As VERB gains exposure they could take a big chunk of the lucrative webinar business. ZM market cap is 1000x VERB. Ponder that.
https://stockcharts.com/h-sc/ui?s=ZM&p=D&...6450094471
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