Be Aware of Overvalued Stocks Running-Up due to COVID-19
Hello traders!
This idea is pertaining not only to Zoom Video but also stocks like Peloton and to some extent Netflix, although not to the same impact as the aforementioned two.
We have seen a handful of stocks run up as "staying at home" is the new normal for now, however, for those who have lavished in the profit from stocks like Peloton and Zoom Video, it is time to slowly think about profit taking over the next 1 or 2 weeks.
Once the virus eventually subsides, or at-least, some news starts getting better, these stocks will sharply drop especially when considering the extreme valuation.
- zSplit
This idea is pertaining not only to Zoom Video but also stocks like Peloton and to some extent Netflix, although not to the same impact as the aforementioned two.
We have seen a handful of stocks run up as "staying at home" is the new normal for now, however, for those who have lavished in the profit from stocks like Peloton and Zoom Video, it is time to slowly think about profit taking over the next 1 or 2 weeks.
Once the virus eventually subsides, or at-least, some news starts getting better, these stocks will sharply drop especially when considering the extreme valuation.
- zSplit
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