I reduced my position in ZM yesterday. I know, its sacrilegious in some circles!! Every market needs a buyer and a seller, I guess. 😉 Seriously, I just don’t have the confidence ZM can surprise to the upside and that is getting priced in right now. That is not to say the stock price can’t stage another rally back to $450 or $500, but one of my goals with every company I invest in is for a 3-5x “possible” return…not for only 20-25% returns ($400 to $500).
Anyway, I sold my call leaps and some of my short term (ST) position purchased just before the last earnings to harvest the loss. My Zoom position is down to just under 6% position. If the stock continues to drops significantly, I may pick it back up as a ST trade, but based on Zooms current product lineup, guidance and tough comps, I need proof of more than a “one trick poney” to sustain the company’s growth.
All of this is just my own personal conjecture of course…I’ve been plenty wrong, especially on timing, before… (Certainly bad-mouthed Tesla all the way from $300 to $1000!). Merry Christmas Eve and Happy Holidays!
User comment: I agree and sold all mine a few weeks ago
User comment: CrowdStrike was targeted in failed attack by SolarWinds breach hackers
I sold out of ZM as well after the last earnings call for the same reasons Victor stated above. I roll most of the proceeds into CRWD
User comment: CRWD and NET are my biggest positions but didn’t buy more then and definitely should have. Thanks again Victor for the ongoing Christmas present of being part of this group
User comment: Yes, Thanks Victor, it’s been so great to be apart of the group. I appreciate your deep dive into these companies. This year has been the gift that keeps on giving. Happy Holiday!!
