Cliff Notes: Biden’s Crack Down on Tech Stocks

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Here to top fifteen, hold is of the rust of two thousand, which is a growth sector in my opinion.

And let's look at some of the stocks in that top fifteen. All right.

First off, we have AMC on the ruster of two thousand. You can see it is above this two hundred day moving average amazing. If it ever drops back down to like twelve eighty three, that'd be a solid place to get in. You don't want to chase solid company, solid return great. You don't want to chase at bad prices. Look to hold for the long term if you're going to be in it, et cetera, et cetera. Let's go to plug. Let's go to the next one, PUG, you can see the same thing. You don't want to chase.

Please put this in chat.

It's all about the price in which you are able to enter, because.

You could have a great.

Momentum movement based stock like this. But if you waited six or seven months to get into it and then you finally got in at fifty seven, it was not the ideal time to get into that stock. Get in at prices that will put you at a advantage that most people will.

Not and talk about fomo.

If there's one stock I wish I would have called last year, it would have been Ovovacs. If you look here in March, it was at nine dollars in one cent. Two hundred day, it was at ninety three fifty three, It ran up to three thirty one, and it almost dropped back down to this Yearly open at what is this price? One twelve ninety two. It was there for a brief moment. I didn't have my alert set. So that's a great lesson for you, so you don't make the same mistakes. Set your alert if there's a price.

On what you want to get in.

And then you can see one from one twelve to three thirty one, came back down, almost touched it again this at one eighty eight. So and this is why when you go back and study history, you can see going back to nineteen ninety five, Novovek historically has done these kind of big booms and bus right. So back in ninety six it got to one sixty six sixty two and then fell apart. And two thousand, two forty eight was a high and it came down to eighty nine dollars and fifty five cent.

But look at these historical moments.

In two thousand got to a high of three eleven, and then it fell all the way down to thirty three dollars and thirty seven cent and then it had a couple small mountaintops here. But the next time this happened was in twenty fifteen. I remember this move went to three hundred, and then before twenty sixteen kit came in it fell to twenty two dollars forty three. The homework that I want you to do on novavax is once it falls eighty percent or seventy percent, how long

Pink. Let me make it red.

Okay, great, make it red, and I know as soon as it goes up to these levels it does not sustain these wicks or these thin lines right here. That is an indication that the price went there. But because it's thin, the prices were not able to be sustained long term. So you can see anytime we got into this red zone, they were not able to hold their price.

Does that make sense? Yes or no?

And then also there are buy areas or buy zones that you should mark off, but I'll go over that full speaking through the Russo this is the notorious gm ME. We've talked about this one enough. Let's go to rh.

Great. We've seen this from breakup to the upside tremendously.

Once again, Yearly Open four forty eight, and yes the price is.

High, but you want to pay for quality.

Four forty eight. Forty four was a great entry for it. The low of that was four to twelve and it went to seven thirteen. If you're not using the Yearly Open, you please, please, please please, I'm begging you to put it on your chart. Let's look the pen something that Troy's talked about in addition to DraftKings. We can look at that. You can see that they had a nice

Let's look at sun Run.

And then you also want to go back since inception to see if the stock is good. So let's look at COF and this is the reason why you want to go back since inception.

So the five of you chart.

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Looks pretty smooth, right.

The previous top of it was what twenty seventeen twelve dollars from twenty two cent went down to two sixty three. Great, it's at twenty three bucks now. But when you go back in zoom since the very beginning, this is what you will see. In your opinion, does this look like a good stock? Previous highs one twenty one ninety five fell all the way down about a year and a half later to eleven dollars and eighty one cent. Everyone's that they can live through a draw down like this,

Now it is to the upside. But when a.

Stock historically falls like this, the probability of it going from here, say fourteen eighty nine, to getting back to this mountain top of one or two is very low. This is why you need to go look at since inception to see if the stock is truly remarkable. Daer, on the other hand, tells another story top and fell down to and that's why say building in the base is good. And it hit this two hundred, fell apart, and it's been on a tremendous run since twenty twenty.

Dollars and fifty four cent.

When you look at this long term chart and fully zoom out to see the acro picture, it does a tremendous service to you to be able to know what it's doing. Same thing with Decker's outdoor. Great momentum, but they've been able to sustain it. They are going up to the upside. And let's look at LED. Some of you asks about this and comparison to Tesla. I don't like it better than Tesla, of course, but lad Lithia Motors is moving pretty damn strong, and this one is APPN.

APPN is solid. Most people don't even know what the company.

Actually does, but there are some better examples, Like if we go back to the deck chart, we can see I like this chart a hell of a lot more than APPN Can you agree yes and no? So you want to invest in companies that of course their stock is rising, revenue is great, profit margins are great, and then you want to choose safe. And I'll saw with shot posts the other day and a lot of you hit me like man Biden is about to crack down

Google, AMD and Video, etc.

And I understand this may be jarring if you're investing in tech, but historically these kind of measures really don't move the market as much as they used to back in the early two thousands or.

Prior to that.

So on the words of the great philosopher Rocky Myivilla, it doesn't matter. Those kind of legislative practices are not going to have a tremendous effect on a top ten tech companies. But I have twenty four to twenty five reasons, but this is just one towards the end of the total pole. Let's look at some of Joe Biden's donors. So we have Donald here from Palomo Partners. He donated nine million dollars. We have James who donated quite a bit of money, and then we have Michael from Sequoia Capital.

This is the proverbial case for that.

Amazon all time is up two hundred and fourteen thousand percent all time. I know people love to make you feel like long term investment is not sexy. But when people start to tell you that and they here's the play long term. How many people have gotten two hundred and fourteen thousand, eight hundred and ninety percent return, say it with me.

Long term investment is the.

Wave My graduate from my school being forced back, drop bag Drop, Mike, drop back, drop Drop.

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