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Jeremy Raper - Credit Focused Equity

The Business Brew

00:00

How to Deal With the Air Cap Crisis

The market went so fast from pricing in normalcy to pricing in bankruptcy that you almost didn't have time to do anything. By the time air cap went from 40 to 20, I was like, there's no point in selling it now. It's either going to be fine and go back to double what it is or it's going to go bust. But it's just a terrible trade to sell it now. Now, of course, it still went from 20 to 10.

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