In a sea of green, there’s a lonely red buoy bobbing on the surface, which is Zoom Communications (symbol ZM). Zoom is right here in the Silicon Valley, and it was a sensation after its IPO, because it not only opened explosively (far, far above the offering price) and even after that it went into the triple digits. Since then, however, it has ground its way back down to its IPO day.
Of course, the investment banking shills aren’t about to let a 40% drop in price deter them. Even the likes of JP Morgan is asserting that a 100% price gain is going to happen Real Soon Now.