+10 votes
by (2.1k points)
Ok, so I know we don't "time the market" here . but I'm looking for some perspective. I have been playing around with individual stocks (as in, if I lost every dollar I can still afford my current lifestyle with no changes) and I purchased a handful of Zoom shares about 8 months ago. Needless to say performance has been UNBELIEVABLE . so, what the heck do I do now?  
Ok, so I know we don't "time the market" here .

11 Answers

+7 votes
by (5.5k points)
I’m surprised the “zoom bombing” hasn’t taken a toll on the stock
by (2.1k points)
It took a little dip but it has been steady upward growth .  
by (5.5k points)
@seagoing5 good to know
by (2.1k points)
Today's hit was Facebook's announcement of free video . we'll see how that goes.  
+9 votes
by (2.8k points)
If it were my stock, I’d wait a bit, only because it could go higher once they’ve got everyone hooked and upgraded to a paid membership.?  
by (2.1k points)
@highwayman64 that's what I'm leaning toward, but after I get my initial investment + a small percentage out. This one is so tough though. (Good call @mcdaniel)
+9 votes
by (2.1k points)
@stadtholder I was hoping someone would drop some knowledge on me! LOL
+4 votes
by (8.4k points)
I lean towards consolidating gains even if i lose out on more. There may be room for growth but there is room for competition too. I have a little play money myself and I view it like going to Vegas, but I try to pick stuff I can feel ok staying in for a while if I can't get a quick gain.  
by (2.1k points)
Ack I'm totally NOT a gambler (Vegas style) but I'm right there with you @xanthic . this kinda feels like a wave I wanna ride!  
by (8.4k points)
I don't like to gamble big in Vegas. I spent $20 last time lol. I like to put $100 or $200 sometimes in Robinhood. I tend to make very good gains but I'm scared to risk anything serious.  
by (8.4k points)
You could keep a small portion in "for fun" to see if it multiplies but sell off most of it. I would be scared if Facebook is entering the market.  
by (2.1k points)
@xanthic I have mixed feelings about this . but only the market will tell!  
+10 votes
by (2.4k points)
Take some profit. What happens if you give it all back?  
by (2.1k points)
Nothing! :) but oh to get the timing right!  
+6 votes
by (2.2k points)
If the gain is impactful to you now, take it. If it’s not, ride it out for a couple more months.  
+6 votes
by (2.6k points)
I think if it were me, I'd take out everything but the value of the original investment and look for your next great pick. A few reasons behind my logic. 1. ) You still seem to like it a bunch. If you bought $1000, 8 months ago, you still seem to think it's worth a $1000 investment today, so why not. 2. ) Being pragmatic, where can it go from here? MS Teams, WebEx, Facebook, Google Groups, etc. are all seeing where Zoom is finding success and trying to copy it. So perhaps this is a long term peak, maybe it's not, but the next tripling or so in value will likely be harder. Get your money while you can! 3. ) Covid-19 won't last forever, so this may be an all time peak as we go back to "normal" or people find other ways of dealing with this. 4. ) The anti-market timing people are often focused on timing the market perfectly. That's incredibly difficult as they've often demonstrated. However, decent timing of the market is often more than good enough. You're not going to get the absolute maximum gain that you could have gotten, but if you're within 10 or 20%, you're probably better off than many other strategies. Plus, you save the stress and time of trying to perfectly time things even though it's still an educated guess in the end. 5. ) No one's answer is going to be right as it comes down to how much you value the different outcomes of this decision. Choose what works best for you.  
by (8.4k points)
I like this answer better than mine.  
by (2.1k points)
@phooey10 for the win. You summed up my thoughts regarding market competitors very well and one of the major reasons for considering pulling out. in all honesty, where can it go?  
+2 votes
by (3.4k points)
Keep the zoom until everything's back to normal at most. If you're uncomfortable with risk, get out now.  
+6 votes
by (7.6k points)
Just like the market dropped more than it should, per the math; zoom stock price has come up more than it should, per the math. So you COULD hold onto it, hoping the value catches up to the cost, or that the company does make more value in future. But why wait for the value to catch up to the cost, when you can sell low value for a profit? :D I vote take the money and run!  
by (2.1k points)
@capri that's really where my head is . value is huge now. It can only dilute as more competitors come to market, literally daily (Google, Facebook, etc).  
+3 votes
by (2.6k points)
My investment habits are to buy and hold with dividend reinvest. I haven't followed Zoom as a company, but if you have read about the company, seen their balance sheets, and think they have potential, then stay. But if you bought them on a wild speculation, cash out.  
+7 votes
by (2.1k points)
Thanks you guys - I really appreciate everyone's input!  
by (2.6k points)
So it's several days later now, have you made a decision and taken action? Or are you on my typical path and still deciding?  
by (2.1k points)
Action taken :) Sold off the majority of shares and maintained a little under my initial investment. #noregrets
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