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00:00Well, I think you guys in the chat is making a fantastic point and a thought crossed my
00:04mind too here.
00:05I am long Amazon in the long-term accounts.
00:07I plan on staying in the long-term accounts.
00:09But if you've got it on for a trade, you got to look at this 200 level and say, look,
00:14you know, the Great Wall of Bezos, and I love that, is probably active.
00:18Like every time it went over 200, he'd start selling.
00:21And if he's not done selling, we know that these, you know, when they're selling the
00:26amount of shares they sell, that can hold price down.
00:31So I do think 200 comes into play, even from a technical level, take Bezos out, just the
00:36psychological level where, oh, it's back here.
00:38It's back to the highs.
00:39I got a chance to sell the highs again here.
00:42Maybe I take that shot.
00:43And we're not in this rip roaring bull market either, where everything's just breaking out
00:47and going.
00:48And, you know, there's certain stocks, like we've been saying, A, B, it's a stock pickers
00:51market where certain stocks are very strong, but other stocks are very weak.
00:55So technicals do come into play here.
00:57So I think, you know, buying it at 200, I don't know if I'd be doing that.
01:01You know, again, I'm long it already.
01:03I don't know if I'm going to sell.
01:04I'm not selling any of my stock just because, you know, I think long term it's going higher.
01:08But short term as a trade, if you have this on and get the expected move up, 200 bucks
01:13sounds like a logical selling point.
01:15And this also just think psychologically here, like, wow, the stock was closed at 192.73
01:23on Tuesday and traded as low as 185.23 and yesterday's all out blitz sell at 359.
01:34Now you're getting everyone's getting their money back.
01:39Everybody, everybody that's ever owned a stock ever is getting their money back.
01:45So we'll see what happens.
01:46We'll see what happens.
01:47I got my money back.
01:48Yeah.
01:49Yeah.
01:50We'll see what happens.
01:51Great, great point out by the chat there.
01:53And where did like you said, where to buy this saying, well, you know, use your short
01:58term chance.
01:59It's hard buying at resistance.
02:01I mean, if we get up to 203, 204 and we don't see any Bezos sales, then you can say maybe
02:06the Great Wall of Bezos is gone.
02:09But guilty until proven innocent here.
02:11You know, like we saw with Oxy, when the walls break, when they stop buying Oxy, if you stop
02:16selling, stocks can go.
02:18NVIDIA was held down by Jensen Wang forever.
02:22Remember at the 120 level he was selling and then that I think was Bloomberg article came
02:26or somebody came out with an article and said he's done for now.
02:30And that's what really kickstarted the rally in the last month and a half in NVIDIA.
02:35So when the whales are selling, they hold stock down.
02:37When the whales are buying, they hold stocks up.
02:40And we just don't know if the whale is still there.
02:42So guilty until proven innocent.