I bought 30k at the peak and saw it tank enormously after earnings. should I cut my losses? When wfh ends this stock is dead so not sure I want on to it too long #zoom
Sell 50% and if you have identified a different stock invest in it. As remote working is going to stay, may be not as a mandate but as an option, I don't think you should think of ditching it completely.
Hedge it selling CCs
Depends on how much you need that money. Otherwise, it’s a loss only if you sell. Another possibility is that Zoom gets bought out at some point. Look at Slack...I wish I bought Slack way back when. I wouldn’t write off WFH post COVID. Many tech giants already went remote. Post COVID, those folks who sold their homes in Bay Area moved can’t or won’t move back. Salesforce bought Slack to diversify. Salesforce CRM vs MS Dynamics 365, Tableau acquisition to counter MS Power BI, Slack acquisition to counter MS Team. My guess is that Zoom will be next to fill out the Teams competitor portfolio. “Salesforce co-founder and CEO Marc Benioff didn’t mince words on his latest purchase. “This is a match made in heaven. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world,” Benioff said in a statement.” - Source: https://techcrunch.com/2020/12/01/salesforce-buys-slack/
No one is going to buy zoom for $140B+. May be a possibilty a few decades later
CRM is not going to do any such big deal for another 2-3 years...
ZM is dead.. will come under $100/- after march 2021.. so time to get out of it and trim your loss..
Is it the same case with stocks of Twilio ?
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What made you think Zoom was worth what it is now?