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Robinhood IPO Aftermath l What Happened on July 28th? Technical Analysis Overview for $HOOD - YouTube
Channel: Invest Global
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welcome back to invest global today
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we're discussing the robin hood ipo what
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exactly
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went on i actually first recorded this
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video yesterday on the train
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from prague and czech republic to here
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in bratislava slovakia
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but had some issues with the train wi-fi
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so the video is recorded but it's not
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able to
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actually download so i'm redoing this
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here with my setup in
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slovakia so basically what we saw here
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the reason that i use this chart
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here on ftx is you can essentially trade
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ipos early which is quite interesting
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you know
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in the crypto space we have ido's
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initial dex offerings which have
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actually done a full series on all the
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different launch pads through all the
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different blockchain networks
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and going through okay how you can
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access early stage altcoins now
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if you're interested in accessing a
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company before
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they have all this kind of mass adoption
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and they're listed on the public market
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for a very very long time
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that's ipos right so initial public
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offerings allow you to do that
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obviously some people can get in early
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before the ipo
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and some people can trade it early with
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synthetic assets on something like ftx
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so
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a comparable to this would be coinbase
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stock right so
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coinbase had their ipo you can tell
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right when they had their ipo
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it was this massive massive dump on
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april 14th i mean that candle
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is massive let's just let's uh just draw
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this out as far as
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you know because i'm honestly thinking
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about some of these ipos that are traded
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as synthetic assets to actually do a
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short position on ftx
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now you have to be very very careful
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with this know what you're doing but
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this is the trend i mean we see this
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typically people over hype something
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they overvalue something in the short
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term
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and they really undervalue things in the
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long term you know i think
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bill gates has a whether or not you like
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bill gates you know that he's kind of a
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controversial guy you know
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i always like to apply what abraham
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lincoln says which is learn from
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everybody even if it's what not to do so
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even if
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you know you you don't want to do what
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bill gates does still try and learn from
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them
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so what he says is you know i think we
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we greatly
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overestimate what we can do in a day or
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a week but we greatly underestimate what
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we can do in a year to two years
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so this is massively true right this
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kind of the the cognitive dissonance
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that humans have
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where they they kind of favor the short
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term you know they're much more
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epicureans
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versus stoics right so stoics are much
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more you know they're they're focusing
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on long-term epicureans are just
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short-term pleasure
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and you can see this playing out in the
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markets right this is a great example of
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it with technical analysis right so
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people kind of hype this up gets hyped
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up hyped up hype oh hyper
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pipe big dump right so then it returns
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back down to
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fair evaluations and you know i talked
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about this with this coinbase ipo i was
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in uh it was
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somewhere in turkey i can't remember i
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was kind of driving around like southern
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turkey near the border of syria
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how basically you know i i was not going
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to participate in this because
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there was many other place besides the
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coinbase ipo that i thought were
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interesting and
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same here with robin hood ipo i did not
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personally participate in this
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you saw essentially once this synthetic
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asset play
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hits the ftx market it got significantly
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devalued
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kind of traded sideways for a bit and
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then right here if we zoom in by the way
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we're on the one hour chart here because
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this
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is it just ipo two days ago so
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essentially i pee out on the 28th
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so you can see at the beginning of the
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20th let's go right here so
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this is kind of that waterfall cascading
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effect we dip down here
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from what we uh we kind of middle of the
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bollinger bands at 47
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dipped down to that 40 mark then back up
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to 44 kind of
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hitting that mid-range and then a
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further cascade down right and now we're
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just kind of moving sideways so i'm
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curious what you guys think about the
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robin hood ipo
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in general just some very very basic
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fundamentals of this company that i like
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to take into account
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sergeant 2013 is really focusing on
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being a fintech platform
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that kind of gamifies the stock market
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now i'm not the biggest fan of this i
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kind of more like long-term investments
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again being more of a stoic
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i think robin hood kind of optimizes for
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epicureans in a way
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um courts also had a decent article on
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this or a little briefing on this so
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robinhood ipo sputtered
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shares of the brokerage app start
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trading at after its public offering
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value the company yesterday at 32
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billion they were actually hoping
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for 35 billion valuations that was kind
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of the goal but
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obviously it's not going to make it
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there i think in the long run it will
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probably make it there to be quite
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honest with you
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um this was lower than expectations
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clearly but a couple of things you know
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vlad the ceo
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of robin hood had kind of was in the
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limelight
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when all this robin hood amc stuff went
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on i was in kosovo when all this
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happened i remember i made a couple of
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videos on it so it was just fascinating
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i wasn't participating
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in any of this uh amc uh what do you
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call what was the other one
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john blanken i just said it uh oh
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gamestop uh
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stock listings but i mean it's it's kind
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of insane honestly what went on there
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but
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basically you know in my view robin hood
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kind of showed the true colors here
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right so because when they were put
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under pressure they sided with the big
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guy they sided with the institutions
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they did not
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side with uh with the little guy and i
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think that's the most important thing to
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understand here
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is robin hood maybe kind of behind the
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times of this little bit
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you know they they allow people to
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purchase crypto but the problem that i
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see again is it's like
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okay people turn 18 maybe they start the
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robinhood account maybe they're okay
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great they want to get into investing
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but they don't understand crypto
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fundamentally they don't understand that
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hey if you're buying it
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through robinhood that's not your crypto
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there's a massive massive
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counterparty risk you need to own your
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own keys you need to have it in your own
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private wallet
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not have it with coinbase not have it
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you know on any exchange especially
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robinhood it's not even a crypto
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exchange right they're focused more on
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stocks
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so that's basically my thoughts on the
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uh the robin hood
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ipo maybe we'll cover this a bit more
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moving forward i'm curious what you guys
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think about this
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again i think potentially that this is
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these are some opportunities to do
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short positions uh on ftx when these
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ipos happen i mean this was pretty
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massive short position
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same with this kind of like you could
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maybe even do a short
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right up to the day before because i
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mean that was a massive massive downfall
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but it all depends on the company right
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it depends on what's going on i
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personally think you know these fintech
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companies are a bit overvalued overall
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especially when i'm looking at emerging
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market equities currently here in
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slovakia and poland
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different places around europe um a lot
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of these companies in the us are
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ridiculously overvalued so
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that's basically all for this video if
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you enjoyed it like subscribe button all
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join the telegram group link down below
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in the description let me know in the
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invest global underscore that's all for
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this one invest global until next time
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