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Archive for the ‘Politics’ Category

Italy Elections Worrying Wall Street

Monday, February 25th, 2013

12:55pm (EST)

The bulls came out of the gates charging as it looked as though Italy’s elections were going to go as planned but one zombie is threatening to pull an upset which has the markets on edge.  The full results are expected by tomorrow but the fact that Silvio Berlusconi is making a run is a big surprise and the bears are riding his back.

His election will cause some uncertainty but it’s not in the bag and we said coalitions would need to be formed and there will likely be more chaos to come.

The talking heads were cheerleading for all-time highs and started the countdown at the open on how close the Dow and S&P 500 were to hitting them but they should know you never count your money while your sitting at the table.

The pop to 5-year highs was quickly greeted with a pullback and the bears will need to keep the pressure on into the close to weed out the weak hands.

The Dow is currently down 25 points to 13,975 while the S&P 500 is off by 3 points to 1,512.  The Nasdaq is up a point to 3,162.  If the Dow closes below 13,925 and the S&P 500 finishes below 1,510 – and the Nasdaq closes below 3,150 – then things could get ugly.  In any event, we are expecting a volatile week so it will be important to keep emotions in check as we look to make some quick profits to the downside.

Subscribers, check the Members Area for the updates and we will be back in the morning with a full report.

Another Flat Day

Monday, January 14th, 2013

12:45pm (EST)

The market traded in a tight range on Friday and has followed the same pattern today ahead of this week’s big earnings announcements.  The bears controlled much of the action in the first half of trading but the bulls are making an effort to push higher ground. 

Economic news has been light but we did have some headlines from the head zombie who is closing out his first term as President.  He continues to say that for 2 years he has been trying to stabilize the debt and said America will have a good year if Washington doesn’t get in the way.  Obama said the ultimate goal would trim $4 trillion off the deficit and he said Americans agree with him.  He went on to say everyone needs to pull their weight and how the rich needed to pay more.  We heard the millionaire, billionaire rhetoric again how the Republicans can’t have it all and that they need to raise the debt ceiling. 

We won’t bore you with the rest of the details on what he said could happen if the U.S. doesn’t pay its bills but the month of March could be explosive depending how this circus plays out.  It seems like both sides are drawing a line in the sand and things are going to get ugly. (continued…)

Family Dollar Stores Drops 13%, Options Zoom 665%/ iPad Winner!

Friday, January 4th, 2013

1:50pm (EST)

We apologize for the slight delay today but we wanted to make sure we talked to our iPad contest winner before we went to press.  The winning pick came within 16 points of hitting the nail on the head.

The Dollar Stores sector was a big winner in 2012 but we started to see some weakness in the 4Q12 on a few names.  Yesterday, it was Family Dollar’s (FRO, $56.82, up $1.08) turn to confess to Wall Street and shares tanked 13% after the company missed expectations and lowered its outlook for the year.  We mentioned 4Q earnings start next week – with Alcoa (AA, $9.19, up $0.12) leading the charge – but the company is on an “off” cycle as FDO reported its 1Q earnings yesterday.

The Family Dollar January 60 puts (FDO130119P00060000, $3.50, down $1.10) are down today but were up a whopping 665% after opening at $3.50 on Thursday.  They were at 60 cents before Wednesday’s close and traded to a high of $5.10 yesterday and when we would have cashed out.  Shares are rebounding today but a quick look at the chart shows $50 could come into play on a close below double-nickels ($55).

We missed the easy money on this earnings trade and this weekend we will be showing you how to find earnings trades like this for the upcoming season that starts this Tuesday.  We will also show you some chart work on a few trades on our Watch List and why we think Solazyme (SZYM, $8.49, up $0.12) might be a good option play at current levels.  We will also cover a recent IPO that now trades options and how to play a longer-term surge or a breakdown over the next 6-12 months.  We will also try to cover a few Biotech names that we are watching for 2013. 

We awanted to close today’s newsletter with the good news on who won the brand-new iPad we are giving away.  As you know, we ran a contest back in early December for those who signed up early for the 1-year promotion we recently we did.  The rules were simple and asked where you thought the Dow would be after the close on the last trading day for 2012. 

At the time of the contest, the blue-chips were at 13,155.13 and finished the year at 13,104.14.  There were a lot of close guesses but Gary, from Oklahoma, was our winning subscriber as he made an educated guess of 13,120.00.  Amazing. 

What a fun day.  We were so happy to call Gary to inform him of the news and we may have another contest down the road so stay tuned.

As far as they market, the bulls are defying gravity as they continue to make a push higher.  If we had a nickel for how many times the talking heads have called for a pullback today we would have $5.55 by now.

Look, there could be a pullback, but our portfolio is light and we will be ready for a pullback if and when it comes.  The Fiscal Cliff debacle is over with and while there is a Debt Ceiling debate coming, it seems the market is enjoying the break it is getting with Air Force One back in Hawaii.  The zombies are away for another week or two and we are looking for a few more positive days before the volatility returns.

As we head to press, the Dow is up a double-deuce to 13,412 while the S&P is higher by 5 points to 1,463.  The Nasdaq is up a point to 3,101.  We would like to see the bulls hold current levels and some more fluff would be nice before the close.

We have some last minute updates on our current trades before we roll and we will be back Sunday night with the Weekly Wrap.  If you haven’t signed up for this publication, we urge you to do so now.  We have a stock we are covering that is at $3.66 and has finally broken out of a trading range.  We believe shares are headed to $6-$7 this year. 

A few years ago we started touting Imax (IMAX, $22.68, down $0.12) at $3 before it zoomed to $30 and our current recommendation could experience the same price move over the next few years.  Remember, you can get a one-year membership to the Weekly Wrap if you buy the Daily for one-year.  You also get our option trading course, How to trade options on Momentum Stocks, at no cost.  You can find the coupon by scrolling back a few days and reading our past posts but we are no longer advertising this deal.  However, if you can’t find it or would like the code, email us.

That is all we have for today.  Subscribers, check the Members Area for the updates and have a fantastic weekend everyone!  

Zombies Miss Deadline, Get Deal Done

Wednesday, January 2nd, 2013

9:00am (EST)

Before we get into the zombie talk, we want to start off by wishing everyone a Happy New Year and a very prosperous 2013.    

At 1:45pm (EST) on Monday, the Dow was at 13,000 and the S&P was at 1,413.  The Nasdaq was at 2,995 while the Russell 2000 was at 841.  The President spoke about how close the zombies were to a deal and said they may use the last second of the deadline to get a Fiscal Cliff deal done.  When he left the podium, the Dow was at 12,967; the S&P 1,410; the Nasdaq 2,989; the Russell 2000 was at 840.  The S&P Volatility Index ($VIX, 18.02, down 4.70) was at 20.34, down 2.38. 

By the end of the session, the indexes held their gains as finished right at key support and resistance levels.  (continued…)

*************************

Special Notice:  We will announce the winner of the new iPad this Friday in our midday update as we have the entries double-checked and triple-checked.  We will also be releasing a new video this weekend for those of you who purchased our option trading course, How to Trade Options on Momentum Stocks, with the new edition shipping in the next few weeks.  If you recently purchased a 1-year deal, or upgraded, please make sure we have the correct address on where to ship your course and if you have any changes, let us know now.  The new video will cover an outlook for 2013 and some possible earnings trades. 

We finished 2012 with an overall Track Record of 159-69 for a 70% win rate with over 30 triple-digit winners.  Our 5-year Track Record is now a blistering 621-272 for a 70% win rate and we haven’t had a losing year since we have been in the business.  Thanks to everyone for making us one of the fastest-growing option newsletters in the industry and we look forward to your continued success with us!

Market on Hold as Zombies Bicker/ New Trade Alert

Thursday, December 20th, 2012

12:15pm (EST)

There is more zombie talk today concerning the Fiscal Cliff as the back-and-forth bickering continues.  The red zombies are moving forward with Plan B while the head blue zombie said he will veto any bill that tries to get passed.  As the soap opera plays out, we continue to feel as though a deal will get done but our prediction of an agreement by Friday is in jeopardy.  Unless a deal gets done in the next 24 hours, there is a good chance that Obama packs his bags and heads to Hawaii.

We know politicians hate working overtime and they love their 2-week breaks and recesses but they are running out of time.  Meanwhile, the market continues to churn at the top of its range but there is risk we drift lower if the shenanigans stretch out until the end of the month or if Obama hopes on Air Force One. 

We could care less about the political rhetoric because we will be ready to play the next trend that will develop into January.  We opened up the playbook in December and have been long call options but we have been closing them out for sweet profits as we wind down the current batch of trades. 

We are still planning for a push to 52-week highs with possible fluff but at some point, we do feel the market could pullback 5%-10%.  We will talk more about this over the weekend but for now, let’s enjoy the profits we are making.

Much of this morning’s economic news was positive but the zombie talk has kept the indexes in a tight range today.

The Dow is down 7 points to 13,245 while the S&P 500 is up a point to 1,437.  The Nasdaq is lower by 3 points to 3,041 and the Russell 2000 is up nearly 2 points to 849. 

As we expected, the small-caps have shown the most strength this week and Tech and the Financial stocks are holding up well with a slightly bullish feel.  We are also seeing some nice pin action in our favorite sector, Biotech, as Vivus (VVUS, $13.79, up $0.15)

has been on the move over the past couple of weeks. 

We have a lot to talk about with our current trades as well as a NEW TRADE we have for you.  Please make sure you read all instructions carefully and use limit orders to get the best fills.  We are in position to end 2012 with a bang and we are already looking forward to playing the current volatility that is coming our way.

Subscribers, hit the Members Area for the updates.  

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2013 Closed Trades:

    Here are our biggest recommendations for 2013 so far: +367 on REGN call options +173% on BGFV call options +140 on SCTY call options +178 on SNE call options +128% on SNE call options

    Our 2013 Closed Track Record for the Daily and Weekly Wrap are posted in the Members Area along with our 2012, 2011, 2010, 2009, and 2008 Track Records. We have NEVE had a losing year and we are having an incredible 2013!

    We were 159-70 for 2012, our fifth-straight profitable year since inception, with over 30 triple-digit winners and 17 more winners of 70% or more.

    The 5 biggest gainers for 2012 were: :
    576% on GMCR put options;
    500% on TASR call options;
    475% on AXP call options;
    464% on ARNA call options;
    and 292% on COF call options. We doubt any option newsletter performed as well as we did.

    Our 5 biggest winning recommendations in 2011:
    +1,167% Rambus option trade
    +357% RIMM option play
    +296% Freeport option trade
    +190% O’Reilly
    +184% Goldman Sachs
    We had 21 triple-digit winners and 12 (70%+) on 154 trades

    Our 5 biggest winning recommendations in 2010:
    +525% Adobe call options
    +297% Akamai Tech
    +190% Nike call play
    +177% Best Buy option trade
    +150% Green Mountain
    We had 19 triple-digit winners and 6 (70%+) on 115 trades

    Our 5 biggest winning recommendations in 2009:
    +1150% RIMM option play
    +552% Google call options
    +556% RIMM option trade
    +567% Bank of America
    +335% IBM call options
    We had 79 triple-digit winners and 19 (70%+) on 238 trades

    Our 5 biggest winning recommendations in 2008:
    +1,057% Google call options
    +867% AIG put options
    +588% Budweiser takeover play
    +400% Chipotle Mexican Grill
    +347 Merck option play
    We had 65 triple-digit winners and 13 (70%+) on 142 trades

    The portfolios can be found in the Members Area as well as past portfolios from 2008-2011. Overall, we are 621-273 on nearly 900 real-time recommendations that equals a success rate of 70%. This means, on average, 7-out-of-10 of our option trade recommendations make you money and we hope to have an even better success rate for 2013.

    If you are missing these juicy profits, come give us a try. Get your password to our Members Area instantly when you sign up TODAY! One profitable trade will easily pay for your membership. You can request our 2008-2012 Track Records by sending us an email or filling out the box below.

Trader Comments:
    I just want you to know that I love the way you write and explain everything. I am new to this, and have lost 50% of my account until I met you guys. Iit is slowly coming back. I will be calling to set up a year of membership rather than the one quarter. Thanks again, and LOVE YOU ALL. REGINA L.

    Rick, I appreciate the advice. I think I will just sit back and utilize your selections only for awhile. This will obviously save me a great deal of money in commissions. I have gone thru your entire site including the video on money management. This has brought me to the stark realization that I have been trading too much for too little. I definitely have not been "swinging for the fences", but I also think I have been getting impatient with trades and getting out too fast. This has no doubt caused me too trade too much. I like, and definitely agree on, the advice on money management. Thanks for the help. STEVE T.

    Thank you!!! I held on to the NFLX position since Nov. 13 at a cost of $1.89. Sold ½ on April 14th for a 540% return and the other ½ upon earnings for 702% return. Total profit of $11,615 a 621% return. Keep the recommendations coming and thanks to you and your team for the service you provide. SCOTT H.

    Rick & Team, GREAT Call on NKE for my two trading accounts:
    1) Entry at .65, out at 1.45, 1.55 Profit = $415
    2) Entry at .60, out at 1.75, 1.50 Profit = $485 PETER G.

    Hey Rick! Here is an update on what your picks have done in my accounts.

    1) Great call on the JoyG March 55. I bought when you said, then bought again on one of the dips. Booked 80+% profit. Made enough to pay for your service for years to come.

    2) Also booked profits on your Berk Feb 74 (80%) and threw a major chunk of change at the March 75’s (190+%). I would have never known that Buffet's stock had split if it weren’t for your service. Bought the shares also for the long haul. Won’t look at them for another 20 years. Great job on getting us in before the indexes did.

    3) Took profit on your Imax March 12.5. 20 cent trailing stop at 1.90 yesterday. Not sure what the profit on that was, but profit is profit.

    I see that you took a loss on some of these. It’s all good. I look to trade your “ideas” not your exact calls. I THANK YOU! For your ideas and commentary. Keep up the good work. And keep those ideas coming. LAWRENCE O.

    Loving this subscription so far! I got into the BRK feb 76 calls the day you talked about right before the split...now up over 300% (0.70 to 2.475)! Keep the good picks coming and let's see some OSIS and EMC upside soon! Just wanted to share my positive enthusiasm on your newsletter...it gives us individual investors great ideas on not only the options market, but also the broader equity market! Case in point is BRK...I can't always read the breaking business news but its easy to read your twice daily updates on my smartphone...helped me get some BRK shares immediately after the split which I will hold for the long haul! Thanks again! C.J.

    Aloha Rick - Thank you so much for the great CL pick. I am not sure if there was buy-out/merger news or what but at 3PM today Colgate-Palmolive absolutely EXPLODED to the upside, and my calls turned into green candy when they went from 1.40 to 3.8 in a matter of seconds! I even sold a few for over 4.0! Much thanks and keep the solid picks up my friend, honestly. Only a fool would scoff at 267% gains... Peace! SHAUN

    I like the fact that you ask for comments from subscribers. Good customer service. By the way, am enjoying the service so far. Some good profitable calls. Keep up the good work. MICHAEL K.

    Woo hoo! Out for 50% on WMT this am. Making up for my depression for getting out of pcln for a 30% gain monday :( you the man! any word on the manual? My friend Mike ( who I sent to your service) told me he emailed you about your integrity in reporting fills. I echo that sentiment big time.. keep it up! Cheers!
    PARAG P.

    Hi Rick, as a new member all I can say is, 'show off' LOL, with PCLN. JAY P.

    Rick, I am a new subscriber to your service, and I want to say I am impressed. I am impressed by your results, but more than that I am impressed by your reporting of your fills. You could have easily said you got that Wal-Mart call today for 80 cents, instead you reported 98 cents! Good job and keep it up, I watched the reporting of the fills first, and then I subscribed. Thank You. MIKE

    Hi, good morning. I jumped the gun a little on this one (PCLN). But still made $1,675.00 profit!! Very happy!! Keep up the good work!! Thanks. TRISH D.

    Hi there, I have joined recently, and I am very happy to tell you that I am up over $10,000 on your picks in a month. I started on 10/7 with the Intel pick. I'll be your member for life. Please don't quit on us. Also, I am learning a lot about options. I didn’t get in your recent APOL and that gold trade and only had one loss on CHK. I appreciate all the DD you do. I enjoy your market commentaries. Best advice site period, and I have tried a few here and there. Again, you guys rock! MIN L.

    Thanks be to Momentum Options Trading for providing me with some fantastic wins. I just started with this service and am up nearly 50% in less than a month. There have been losses, but if I manage them properly, I will continue the best efforts given on the blog (in which there are no complaints). What a great cause for humanity. I feel more confident about my trades and continue to play the wins. Best of all, I am now keeping my regular paychecks in the bank! Thank you! JOE G.

    Rick - I wanted to say thanks for getting me started on the right foot with your service. I have made six trades since starting on October 22, 2009. Five are winners and One loser netting me $6,245. Thanks again and keep the trade recommendations coming. GREG F.

    I got into the Nike 60 Call at 1.85, sold at 5.00, also bought a 55 put at 1.05, but got stopped out at .35. What a ride! $2830.00 in the black even with the put. It's right at 100% return. I hope earnings season coming up is going to look like this trade. NOEL

    Nice call on Nike. I think I'll go buy a pair with my profits! : ) I did the straddle for safety but still made 62% on the trade. Not bad for less than 24 hours. If Goldman is right, then the Nov 70s or 75's could be a steal today. TODD F.

    What a sweet way to get introduced to Momentum. My first trade based on your picks and it a 2X. Thank you! PAUL H.

    “Limit order was set at 1.60 on RIMM so it sold. I may have left some money on the table but you can't go broke making a profit. That was a fun trade. Thank you. Good call. I’ve been watching and trading Rick's advice since March. It’s usually a fun ride, but I give him heck when it's wrong to. :) ” NOEL

    “Your service rocks! I made bank on Dendreon last week! The other thing I have to say is that it took me quite a while to find a REAL options trading service like yours. Most of what’s out there is 99% scam and very sketchy. Momentum Options Trading is the first service I found that I can trust and seriously make money with.” CHRISTIAN

    “I made $420.00 on ANF in 2 days. Thanks for the trade and updates on getting out of the trade.” JOHN

    “I did follow a lot of your trades with 1-2 contracts per trade and YTD I’m up 108%. I try not to follow blindly by not entering all of your trades and sometimes entering the ones you don’t. I entered AIG a few weeks ago against recommendation – that one hurt.” CHARLES M.

    “I have been following you for several months and am interested in the new service. I hate to see the free service go away but as they say, “all good things must come to an end”. My ability to join will be greatly influenced by the monthly fee so I’m very curious to see the new prices. Thanks for making April a great month for me and my family.” BRYAN C.

    “I have really enjoyed the past month since finding your blog. You have made some great calls. I would appreciate info. on the new options mentoring program. Thanks.” JOHN H.

    “Hi Rick, I have been following your blog for several months now and I would like to be including on the list for your new service and to receive more information about it. And yes I was a Dendreon winner with your tips. Turned $280 into $7700, and literally saved my butt.” JEFFREY

    “I made over 6k on your Dendreon trade, and I’m very interested in learning how you pick and trade options. Sign me up.” ED

    “Rick – Wow what a day! I got in at the Dendreon calls at $2.25. Thanks to for your advice. I appreciate that. This company has a lock on this type of therapy and no one else in the world is close. Kind of reminds me of the type of companies that Peter Lynch and Warren Buffet suggest that investments be made in. Companies that can build a moat around their business model, that allows them to charge a premium for their product or service. In other words - a monopoly.” GREG

    “Hi Rick, Thank you so much for the Dendreon trade, I made almost $10,000 with that trade with a little over $2,000 investment. You have shown me the power of options trading. Again, thank you so much for all your inputs.” KEN

    “Hi Rick, thanks for the encouragement to play the dendreon calls! did freaking great! Got in the first lot at $1.44 on 3-24-09, sold at $2.45, 70% not bad. Bought it back at $2.30 on 4-7-09 closed out on 4-14-09 for 454% gain! Wow! I love it when that happens. So, thanks the encouragement to get back in when others were saying sell, sell, sell. Keep up the good work.” GARETT

    “Rick – Thanks for Dendreon – it has made all the headlines today! I missed on RIMM earlier, but I’ve been holding onto DNDN calls since 3rd week March. Of course today it all paid off today, as DNDN rocketed up.” TERENCE

    Jan. 31 2012
    Rick, new member...Studied all current trades, did some chart work,picked ZNGA, PEP, MGM...Sold on Feb. 2 for $3600.00 profit...Cost for 1-year membership to your newsletter was less than $1000.00..All I have to say..Thank you. John H –

    3/18/11
    Rick, I purchased 10 contracts of the Nike March 85 puts Thursday afternoon for $2.00. Thing is, I was upset because the puts went down to $1.60 or so before the market closed. Well, needless to say Nike didn’t impress Wall Street and when I turned on the computer this morning the puts were worth $7.10! Sold them for a $5,100 profit!. Thanks again, you are the MAN. Chuck J-

    2/3/12
    Hi Rick,

    I will start off with a thank you for your time and dedication to all
    the research you and your team commit yourself to. This is not me just being excited about the profits I have accumulated aka (bank) ! You have helped me get back to the passion I had of researching stocks/options. Keith N-

    Hi Rick,

    I want to share my great results on GMCR. Based on your comments on February 15th, I bought 20 options at $0.28. They closed today at $7.00, which is a 2,300% gain. My $560 dollars turned into $14,000 in less than a month. In decades of trading, this is my single best trade ever. Thank you! By the way, the Dow was down 228 points today and I could care less. What a great trade. It proves the amazing power of options. I am so grateful for your service, which calls it straight all the time, your options trading manual, and most of all, your amazing skill
    at finding winning trades. I have attached a copy of the trade from
    my brokerage screen.

    Hi Rick,

    Wow!! my account it up 70% since i joined last month and market is going the opposite direction. Really appreciate your service. I just wanted to drop a note to say THANK YOU. Hope to be with you guys for a very long time. Mel

    Rick,

    Great call on Fosl I bought the may 120 puts for 3.70 yesterday morning just sold for $32.00 today
    Keep up the great work
    Thank you, Henri

    Rick –

    I bought 10 Deckers Outdoor (DECK) May 55 puts at $0.50 on 4/26/12 and sold them on 4/27/12 for $1.65. I made $1150 in one day. Thanks. I knew something good would happen sooner or later.
    HOW THE HECK did you know Green Mountain Coffee (GMCR) was going to go down 20 points???!!!! I bought 10 of the May 35 puts at $0.49 and then 5 more at .30. I sold them at 5.80. Thank you again.
    You have made a believer out of me. Alan

    Rick –
    I have only been a member for about 6 weeks but I have done well on most of the trades. My first two were QQQ and SPY a month ago and since then I've gotten into the groove and been doing well.
    I try to execute the trades that you recommend as soon as you send them out, sometimes I can't and I miss the Entry price. However, sometimes when I miss the Entry, the price goes down and I get a better price.
    That's exactly what happened with GMCR.
    You recommended it at around $.81 I think, but by the time I got to it, the price was $.27. I bought 100 Puts on Wednesday May 2, 2012 and sold half of them 24 hours later at $5.95 for a nice 2,203% gain. As per your recommendation, as GMCR went above $30 I sold the remaining 50 Puts at $5.50 for a slightly less 2,037% gain.
    On average that one trade netted me a 2,120% gain, entirely based on YOUR recommendation (and a little bit of luck). To put this in real terms, I risked $2,700 on Wednesday and pocketed $54,550 just 24 hours later.
    So uhh, let's do that again real soon!!
    Feel free to use my name. The tax guys have me on speed-dial already anyway. Dennis

    Rick:
    That was awesome on your GMCR pick, I know how risky it can been holding into earnings but you pulled it off. 
    I just started my autotrading with you today and am in on your QQQ play. I look forward this service. 
    I have a busy career and I have tried to follow and trade throughout the day and found it too hard. I hope you continue to have a great year, I plan to go along for the ride. I am starting slow but will pile more in once I have secured some profits. 
    Keep up the good work your trading has been spot on. I am sure you paid your dues to get this point in your career. Anthony

    Rick:

    Great call on GMCR!  I have been trading for about 15 years actively.  This may be the best trade I ever made.  Got in on Monday, April 30 and the stock was up from when you recommended it.  It went up further after I got in.  Here are the facts:
    Monday, April 30th: Bought 15 June 37's at $1.25= $1900 approx
    Thursday, May 3rd: Sold 15 June 37's at $9.30=$13,950
    Gain for the week: $12,050.
    I understand you will not get them all right.  It’s important to ride those winners and as you could tell from my selling price, I sold when the stock went to $28.10, so left a little on the table.  Who can complain.
    Keep the suggestions coming, looking for another jump on your FSLR, one that I have been riding very hard.
    Best regards, Bob
      

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