Cathie Woods price target on Zoom $ZM was well over $1,500 by 2026...
She closed out her position today at $67 per share and her cost basis was $280 per share.
Remind me why ANYONE still takes her seriously?
2 points I can derive from this:
1. What sounds outlandish, usually is
2. The true Buy and Hold investor is the quiet one who sees no real need to express their conviction and tell everyone it is a long term play. The fake Buy and Hold investor, in times of adversity, would need to double down to impress everyone that it is such a great bargain, only to sell it themselves once they have had enough.
So FOLKS, don't become prey to HC forum cheer leaders, you have to DYOR and see from all angles.
I will however give you a clue or a tip. However great one might think of a stock, a 'great' stock does not continue to make lower lows over an extended time- you may think you are smart and everyone else isn't to find a bargain when people are dumping into the lows. The stale bulls would try to convince you that the shorts are behind the fall, everything else is perfectly fine. And after you have bought it, you fall into the trap of the same narrative, blaming shorts instead of understanding the company's outlook and prospects ahead.
