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Buying Nike on the Dip
Chemda had questions about buying on the dip which weren't really answered in the episode. Here is the scoop, very briefly.
Nike made the Colin Kaepernick the first week of September. The stock hit a low of $79.60 on Sept 3 and peaked at $85.5, three weeks later. If you time it perfectly, you earn almost $6 per share. But then you pay ~30% short term capital gains tax, so you only get to keep $4 per share. And you have a broker fee of ~$10 for the trade.
So, invest $1,000, time it perfectly, and walk away with a profit of around $40.
Don't quit your day job.
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