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General Discussion / Re: Stocks
« on: August 31, 2020, 05:46:48 PM »On what basis is this stock worth so much? On what basis is the market cap 63bb?
I'll give it to you that people will continue using zoom to a certain extent even after this is all over however most businesses will go back to normal.
To value zoom based on what's going on now doesn't make sense to me.
I may be wrong..
While you make some very valid points, whenever shorting, remember that the market can be irrational for longer than you or I can remain solvent.
How do you compare tsla to zoom? While people believe tsla is overvalued they still have major potential and they ain't going no where tom.
Zoom on the other hand will be forgotten once this is all over. All schools etc will go back to normal life soon and zoom subscriptions will tank.
And your maximum gain -as in every short position- is only 100%, while this stock in this environment can easily pull a Beyond Meat on you, and you’ll be out a few 100%.Almost 3 months have past.. and Zoom went from a 63bb market cap to a 103bb market cap tomorrow at the open (if todays after hours action holds up, it probably will).. you’d be down 70% on that short position you were so tempted to take... congrats!
You don’t wanna be short ZM when the inevitable happens, and large corps start releasing their work from home press releases..
