Ep. 897: Trends, Value and Selling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Effect of Jealousy on Stock Prices
The fear of missing out is it a tremendously powerful influence. The higher prices go the more jealous people are of the other people who made money from something. At 100 you say they have to be right on the dope why didn't i buy it i have to jump on board. It's this process of psychology and opinion becoming more positive and less positive that causes the file influxuations of stock prices around the company's intrinsic value power.
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