Wednesday, September 9, 2020

Shorting Zoom's blowout earnings : $700k or 20% profits in 4 days

  On  31 Aug 5pm EST  ,   Zoom  announced blowout earnings.(  below pic ) . As expected,  the price action next day on 1 Sept was a big gap up from 320 to 470 ( see above pic )  and lingered there between 430 & 460 throughout the day ( see below chart ) .

As the day draws to a close,  we saw a topping pattern in both Zoom & Tesla  very familiar to Snipers. 

A freebee call to short both Zoom & Tesla via WhatsApp broadcast was given to freebee Snipers  before US markets closed but i guess most freebees in our SGT timezone were asleep by then

Come next day 2 Sept at the opening bell, many freebees entered shorts into Zoom . Zoom steadily plunged for consecutive 4 days without looking back from 440 to 346  .( see below pic )

When Zoom hit 347 last friday night , we noticed a bottoming pattern and alerted freebees to start closing their shorts to take profits. 

Below is one brave  freebee sharing his screenshot of his shorting results today. 

We immediately told him to reel in his profits ( some $900k in all ) by closing his shorts & to go long  as we expect Zoom to enjoy a steady fierce bounce pretty soon in this tech correction , when ? maybe tonight or  tomorrow



Those interested in the secrets of how to catch the ride to the peak & then short from there just before it crashes  such as you saw Zoom here may want to join free webinar & free WhatsApp alerts - see https://finchartsniper.blogspot.com/p/free-workshops-events.html 

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