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'Trey's Trades' host on AMC Apes holding faith in stock price targets - YouTube
Channel: Fox Business
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so there's growing anxiety in the stock
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market for a number of factors including
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high traditional valuation metrics
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the avalanche of spax and ipos and a
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number of unprofitable companies that
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have charged the head in this bull
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market
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in fact there are more than 200
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unprofitable companies who combined
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stock market value now is 2.5
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trillion dollars as 300 percent higher
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than 2
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000. as a result of this anxiety the air
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is coming out of a lot of fan favorites
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including stocks held by kathy wood
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stay-at-home favorites cryptocurrencies
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and
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those at the forefront of the reddit
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investor revolution
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what's happening in this market though
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folks is not unusual
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these periods happen after major run-ups
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and just like the upside is a reflection
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of emotions mostly fomo
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the downside is a test of emotions fear
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being the last person holding the bag
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these result in overbought and then
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oversold conditions
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how these stocks find equilibrium well
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it varies but it's rarely from wall
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street analysts all of a sudden
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changing their minds even when a stock
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has been hammered
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now stocks generally stop going down
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when the sellers dry up which means the
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emotional holders have been shaken out
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this week's selling and reddit names has
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come in part to bad news and
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developments
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amc under pressure after we learned of
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those strong black widow sales on disney
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plus
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gamestop under pressure this morning on
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news that netflix is going to build out
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its video game operations and
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you know it's right there i see some
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really delicious irony uh
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for this uh because you know i would
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come on this channel
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all the time for years and say i like
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netflix and every single person said i
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was crazy and wrong
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i'm talking every single person for
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years that was the general consensus
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when it came to netflix in fact take a
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look at this headline on cnn finance
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april 22nd 2010 netflix source pass 100
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time to sell netflix stocks skyrocketed
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past 100
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a share thursday a day after the company
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reported another phenomenal quarter but
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many analysts are skeptical of the lofty
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share price
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the company's stock prices doubled in
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less than three months
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with shares soaring fifteen percent to a
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hundred dollars thursday
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of the 32 analysts covering netflix only
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10
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have a buy rating 15 say hold and seven
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of
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say investors should be selling the
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stock well guess what folks it's up 3546
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since this article now i'm not saying
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gamestop or amc
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or netflix but what i am saying is that
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wall street just doesn't always get it
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right
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i've seen it happen over and over to
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dozens and dozens of companies
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that were written off and went on to do
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very big things joining me now host of
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trades trades on youtube trey collins
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and trey you know
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first i want i want to uh get a feeling
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of how you're feeling right the current
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pressure in amc
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a lot of people are looking to you uh
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how are you feeling and what are you
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saying
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you know charles i come back to
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essentially the why behind the trade
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i think there are three main things that
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kind of drive this this overall
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you know trade over it's it's the apes
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you've got shorts that have not covered
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positions
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you've got a bunch of systemic problems
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within the stock market that people are
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just flat out angry about and none of
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those three factors have changed you
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throw on top of that essentially
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this over selling territory where people
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are being fearful
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and my hypothesis is when people are
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fearful you need to be greedy i do this
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as a buying opportunity and not as a bag
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holding opportunity
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how do you pick a level in other words
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earlier in the week it broke under the
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200-day moving average generally that's
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when all hell breaks loose
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are you looking at certain levels are
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you just saying in your mind at these
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levels period
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it's oversold you know it's funny
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charles because i actually made a video
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about a week ago on my youtube channel
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calling out that this would essentially
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fall back down to about 32 to 34 dollars
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sometime in the near future a short term
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bearish i'm not an unrealistic person
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i recognize that stocks can always go up
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they also go down so
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i called out that 32 to 34 level of
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support just based on previous trends
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over the last six months of trading
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and sure enough it bounced right off
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that 33 level and then back
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up to essentially thirty seven dollars
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today up about two three percent at the
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moment but
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it seems like so far knock on wood that
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was a pretty decent support level in
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order to get a good
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buy-in it was a good call it was a good
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call hey uh
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uh adam aaron's uh he sheldon offering
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mostly he says at the request of the
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investing apes i know folks were worried
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about delusion and it's not going down
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it's gone down anyway so do you think in
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hindsight that's a mistake
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that they should be trying to raise
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money you know charles
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uh adam barron's actually come out
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publicly in a legally binding document
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stated
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even if this was to pass we cannot use a
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single one of these shares
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in 2021 their shelf until 2022 anyways
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so for him to essentially pull it off
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the table i think what that did
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was take away some of the fun the fear
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and certainty and the doubt that the
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mainstream media
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likes to essentially paint around amc
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stock i guess you heard that
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once upon a time it was no matter what
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came out they try to spin it as some
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sort of negativity
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and i don't view it as negativity in the
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least bit i think it's just him reading
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the audience he recognizes that 80 of
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his company is not comfortable that for
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the time
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being and it doesn't affect him in the
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next two three four five six months
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so trey let me talk about the diamond
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hand things that i've learned in 35
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years i just mentioned netflix
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the first time i recommended it was july
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3rd 2002
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at a split adjusted four bucks uh now if
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i never told my subscribers to sell
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they'd have been up like 13 000 of
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course though there's an emotional
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rollercoaster i just read the article
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from cnn 2011 years ago
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you know wall street said it was done
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they hated the stock and that's a
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dilemma right how do you plan to stay
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the course
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with all of those kind of dilemmas
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facing you
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you know i think it's very easy to have
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conviction in a stock when it's going up
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right everything's going your way how
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could you not
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but it takes a lot of true metal and and
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essentially believe in your conviction
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when a stock is red
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i watch what the stock does on a
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day-to-day basis and i view that price
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as psychological
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for the a hypothesis of buy and hold
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they think it's going to go up until it
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reaches some sort of level
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and at that point they're going to take
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their profits and until that level
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the price is psychological is discounts
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dip buying opportunity
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and i have such belief in the conviction
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and the hypothesis behind the apes
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that whatever it trades on a day-to-day
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basis does not bother me until i see the
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price that i'm willing to sell at
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yeah you know if it goes down a little
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bit more wall street's going to start
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doing those stories that everyone lost
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all their
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money you're looking at this though as a
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whole that you are not going to hold and
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then
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sell for a very long period of time uh
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and that has not
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been determined yet trey we've run out
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of time i appreciate you coming on like
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i said i'm always rooting for the apes
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and i always want to hear your side of
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this story thank you my friend
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hey appreciate charles you're the man
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all right
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