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In this virus hit market there are a few shares that are benefitting. One was a fairly obvious buy given I had just bought its services.
When I did a seminar at a hotel on march 9th I never knew that would be the last one I could do in a hotel for some time.
I was due to host one on March 23rd and the nearer it got to the time, the more anxious delegates and me got. Should we take a risk? A lot were up for it, I wasn’t sure but then the decision was taken for us.
But people still wanted a seminar and the only way was online. Best app apparently? Zoom!
I bought a subscription to Zoom and held the March 23rd seminar online. And despite a few tech problems – mainly my fault like pulling the plug out of my computer by mistake – it worked surprisingly well. So well I bought Zoom shares and though volatile they have done rather well.
The shares seem to go up on a down day in the market when markets feel we will be in lockdown for longer. They zoom up when things look gloomy, I presume because people think more people will need Zoom.
I wonder whether longer term there is more upside for Zoom? After all now, I will probably still hold seminars online as well as meeting people in a hotel. They will continue to get money from me and I suspect in the new world online conferences will still be a big thing.
After all, air travel is likely to get more expensive and perhaps people will be too scared to travel till a vaccine in approved. Which could see more zoom for Zoom.
If you’d like to spend a day with me and online Zoom, the next two seminars are sold out but there is space for the one in May. Dates of future events are at my website www.nakedtrader.co.uk.
