In this up-every-day-no-matter-what market, this is madness to dare suggest anything could ever fall, but I’ll say it anyway: I think Zoom Communications is ready to flip lower.
First of all, take note of the regular cyclic impulses the stock has exhibited. This has been a great “story stock” during the pandemic, and it’s prospered.
Volume has likewise flown through the ceiling.
And while I realize fundamentals are a quaint relic of the past, I must offer this:
What got me thinking about this was I just read that, years ago, when Facebook had a market cap equal to Zoom’s right now, Facebook’s revenue was ten times greater. Think about that. Consider how richly-valued Facebook was, and then consider how Zoom is valued ten times more richly.
