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Good camcorder for video production

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I'm looking for a good camcorder, or pocket camcorder with a reasonable price

i need at least a resolution of 720p(HD) with memory of at least 40mins, i'm hoping for a price of under $200

this is to be used to make presentable videos so if it costs a few extra dollars to get something nice, i have no problem with spending the money, anybody have any ideas that are good

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