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1 Cheap Stock I Bought, and Why: Social Proof

By Blake Bos and Isaac Pino, CPA - Apr 14, 2013 at 2:00PM

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Why this contrarian purchase could be a great move.

In this video, Blake Bos explains his contrarian position on Apple. The stock is down 33% over the past three months or so, and Blake believes this is an overreaction. Apple has good cash flow, it has cash in the bank, and it sells at a great valuation. Blake believes following the crowd is a strong influence on Wall Street and that investors should be careful not to do so. Instead, he says to look for opportunities in companies that have been unfairly dumped.

Blake has no specific timeline for Apple. He's holding it until a better investment comes along.

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Stocks Mentioned

Apple Inc. Stock Quote
Apple Inc.
$137.35 (-2.46%) $-3.47
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Ternium S.A. Stock Quote
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Omega Protein Corporation Stock Quote
Omega Protein Corporation

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