Jul. 19 at 3:14 PM
High earnings won't save a blown-up bubble! Remember
$ZM's brutal 90% crash?
Stop chasing the hype blindly! Having massive earnings didn't stop Zoom (
$ZM) in 2021 from plunging from
$588 all the way down to
$55—a catastrophic 90% wipeout.
Weekend bias is waking people up to reality. When macro valuations stretch too far, the downside flush is merciless. Watch out for massive institutional profit-taking when the Monday opening bell rings!