Hubert Senters here.
Let’s take a look at Zoom info which is entirely different from video conferences software like GotoWebinar. If we look at Zoom so I’m going to put back in a daily chart here and just go ZM. This Zoom Video Communications.
Obviously in a nice big valid uptrend. I’m going to put on a longer term. Let’s do monthly chart.
You can see it’s been going straight up because of the Covid and everybody’s gravitating towards Zoom and all the video products.
Because nobody’s working at home eversince doing video conferences. This is entirely different. It’s ZI. It’s a data provider. It’s not a data provider. They work with data with other companies to figure out how they increase their sales.
This is a thing that really eeks me. And it’s really important. It actually pisses me off. I hate when people do stuff like this. Here on CNBC ZoomInfo rockets over 80% in first tech IPO of Covid-19 era. It’s a crock of sh*t. Here’s why it’s a crock of sh*t. Yes, they put their price at $21. And it went as high as $42. It’s still down on the day like and headline is really misleading.
And I hate when CNBC and Bloomberg does do stuff like this. I stil don’t like it. If you look at the 5-minute chart. Yeah, it was Zoom in when you said they posted that at 1PM.
At 1PM it Zoom for about a total of 5 minutes and then it sold off the rest of the day.
But there’s no follow-up on it. So here’s number one you could have gotten an IPO if you wanted to unless you just had preferred shares prior to the IPO. Unless you are angel investor prior to ZI going public. So what you should do in my opinion and this is my two cents. Take it for what it’s worth. I would do a 50 percent sell off.
There’s two different price actions. There’s up at about $40. And it also did a high print of $42. Pick and share what you want $40 or $42. Cut that in half and that is where you want to try to bid long this sucker. If it’s $40 you want to bid it at $20. Anyway, I just want to point it out.
Hopefully, my rant didn’t upset you too much. And if it did the markets are really going to upset you. Make sure you know what you’re doing out there and don’t just trust new stories of Zoom rockets over 80% because it’s probably going to sell off a lot. Most IPOs now a days sell off at least 50% before they bounce so just be careful out there.
Good luck. Hope it helps. See yo on the next video.
Hubert.
