How to Buy Red-Hot Zoom Stock – at Your Price
April 27, 2020 at 05:00 AM EDT
Of all the questions we get here at Money Morning , one we see the most is: "Is it too late to buy Zoom?" Of course, these folks are talking about Zoom Video Communications Inc. - the videoconferencing player that's seeing torrid growth because of the COVID-19 pandemic. Just last week, Zoom CEO Eric Yuan revealed that 300 million folks are using the company's software - a jump of 100 million, or 50%, from just last month. In December, the company's user base was a "mere" 10 million. And Zoom's shares have, well, zoomed. From their trading price of roughly a year ago, the shares have rocketed to $170 - a jump of 160% during that stretch. Huge moves like this are based, in part, on the numbers. But they're also fueled by a hefty slug of emotion, which can make buying, selling, and trading pretty tricky. Especially in "Mean Markets" like the one we're navigating right now. So here today I'm going to show you a nifty trading trick that I use in my trading service and in my personal trading accounts - to avoid buying stocks when they are hitting emotionally charged highs. And because of all the interest, I'm going to use Zoom as my "show you how" example... Full Story And because of all the interest, I'm going to use Zoom as my "show you how" example... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post How to Buy Red-Hot Zoom Stock – at Your Price appeared first on Money Morning - We Make Investing Profitable .