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Posts Tagged ‘S&P 500’

Support Holds, For Now

Tuesday, April 24th, 2012

9:00am (EST)
 
The bears had a lot of momentum heading into Monday’s open as headline from around the globe pushed most equity markets lower before Wall Street even opened for business. China came out Sunday night with disappointing manufacturing numbers which weighed on the Asian and European markets while political uncertainty in France also played a role.

The talking heads were encouraged the market finished off its lows but the damage is just beginning if the bears can crack just one more layer of support. It’s funny how the market pros have been calling for a pullback all year and when we finally get one, they panic. After touching new lows they find themselves rooting for a positive close and expect the market to set new highs. This is why they make charts and this is why we tell you not to listen to the suit-and-ties.

The Dow declined 102 points, or 0.8%, to close at 12,927. The index traded to a low of 12,845 but still held current support at 12,800. The ferocious drop of nearly 200 points at the open had us excited as we were able to take profits in 4 trades. We were hoping for a close below support but resistance is back at 13,000 again and we got a lower low.
 
The S&P 500 gave back a dozen points, or 0.8%, to finish at 1,366. 94. The index bottomed out at 1,358.79 and we are looking for a move below 1,350 this week.  
 
The Nasdaq got hammered for 30 points, or 1%, and ended at 2,970. Tech kissed a low of 2,946 and we were rooting for a close below 2,950. Although we didn’t get it, the action could be a preview of a 100-point drop that is about to take place.
 
The Russell 2000 also fell a dozen points, or 1.5%, to settle at 791.85. The small-caps traded down to 785 and below 800. We said to look for a push down to 780 which opens the door for a test to 750.

The S&P Volatility Index ($VIX, 18.97, up 1.53) jumped above 20 to a high of 20.27 to start the session but faded as the bulls bounced off the lows. The index still finished up 9% and closed above 17.50 after breaking above its 10-day moving average.

Futures are pointing towards a mixed open and look like this:  Dow (+20); S&P 500 (+1); Nasdaq (-7).  Subscribers, check the Members Area for the trade updates. 

Dow Trips 13,000 in Choppy Trading

Tuesday, February 21st, 2012

12:30pm (EST)

The market went into the weekend looking for some kind of resolution to a second Greece bailout and futures were strong on Sunday night heading into Monday’s meeting in Brussels between Europe’s top brass. 

The get together stretched late into the evening but after more finagling, an agreement was finally reached.  There are still implantation risks but we will save those worries for another day as the bulls are pushing our near-term fluff targets.

Sailing wasn’t all smooth, however, as the major indexes dipped into the red 20 minutes after the open.  Despite a brief attempt by the bears to slow the momentum, the bulls were able to brush back their attack.

The Dow broke above 13,000 about 2 hours into trading as has since flip-flopped above and below this level.  The blue-chips are currently up 45 points to 12,995 while the S&P is higher by 5 points to 1,367.  The Nasdaq is showing a gain of 7 points to 2,959.

We covered a lot of information this morning as far as the market and what targets to look for this week.  Let’s leave it there for now because we have a NEW TRADE we are releasing. 

The stock was on our Watch List all last week and shares are slightly lower as we head to press which is allowing us a great opportunity to get into the options.  Subscribers, check the Members Area for the details and please use limit orders to get the best fill prices.  We will be back in the morning with our next update.

Market Heads Lower Entering Second Half

Wednesday, February 15th, 2012

1:10pm (EST)

The bulls got off to another strong start and continue to push new highs in some areas while struggling with resistance in others.

We have a ton of action happening with our current trades so today’s update is just the numbers.

The Dow is down 88 points to 12,789 while the S&P 500 is lower by a 4 points to 1,346.  The Nasdaq is declining 4 points to 2,927.

We will be back in the morning with a full report.  Subscribers, check the Members Area for the option play updates.

Bears Growl As Greece Hangs in Limbo

Friday, February 10th, 2012

12:30pm (EST)

The market hasn’t had a 1% pullback since December but that could all change by the closing bell. 

Futures were weak throughout the night and were showing a 0.5% loss to start today’s session but they got progressively worse as we headed towards the open.   

The situation with Greece continues to come down to the wire and it’s hard to imagine to us non-politicians why this has dragged on for so many months.  The fact that Greece hasn’t paid back the FIRST bailout should be a clue that the country can’t pay back a second bailout.

All signs have been pointing towards Greece getting another lifeline but Germany and some of the few remaining triple-A countries are raising the red flags and want more guarantees and action.

The major indexes are off their lows but we would imagine they could be tested into the close as not too many investors will want to stay long over the weekend.

The Dow is down 109 points to 12,780 while the S&P is lower by 10 to 1,342.  The Nasdaq is showing a decline of 19 points to 2,908.

The S&P Volatility Index ($VIX, 20.44, up 1.81) is up nearly 10% today and 20% for the week (see Weekly Wrap notes from Sunday) while Gold is down $20 to $1,721 an ounce.

We have put in another great week as we were able to close 5 more winning trades for gains of 83%, 200%, 50%, 4% and 79%.  We did have one trade take a licking but they are March options and we are hoping they come back.  This brings our closed winning closed trades to 23-1 for the year.  Also, we took “half” profits in all but 5 of these trades and still counted them as ONE winner. 

Our option trading competitors don’t like to trade their own accounts and they record “half or third profits” on winning trades 2 or 3 times.  If we did that we could say our track record is 46-1 but we like posting real results and keeping our subscribers.

Even at 23-1, we seriously doubt other option newsletters have gotten off to the start we have.  Our Weekly Wrap closed 7 winners in January and February could bring 5 more double-digit gains.  This would get us to 35-1 for 2012 but we can’t count chickens before they hatch.

Do yourself a favor this weekend and compare our track record and results to anyone you like.  You will see why we have become one of the fastest growing stock options trading advisors on the internet.  We also have auto-trading partners that verify our results and will do the trading for you, at no charge.    

Unless the bulls make a comeback, the bears will win the week and our predication we made in early January for a pullback in the first full week of February could be right on point.  We made our subscribers a bunch of cash by telling them to stay long until the end of January and the pullback, if it lasts, will give us another opportunity to let prices come back down so that we can play the next bullish run.

We said there might be an opportunity to buy some put options to play a temporary downside move but we don’t plan to load up on bearish positions because the longer-term trend is still bullish.  We do, however, have one put option trade we have been watching for a couple of weeks that we would like to get into today.  The stock has been moving like a puppet and we think we are getting a great opportunity to play a short-term trade to the downside.

We will be back Sunday night with our Weekly Wrap but let’s get to the Members Area for the NEW TRADE

Our next Daily update will be out Monday morning so until then, have a great weekend, everyone.  And make sure you request our updated track records or check the Members Area when you sign up.

Greece Makes a Deal, Sort of, Rally Fades

Friday, February 10th, 2012

9:00am (EST)

The market finally got some resolution towards Greece settling its tab, or should we say, making its next loan payment, but nothing is etched in stone and we still have a weekend of uncertainty ahead of us.  We aren’t sure what kind of last minute back slapping/ stabbing, hand-shook deals it took to get something accomplished but, in the end, the political suit-and-ties got an agreement that bought them some more time.    

The bulls were able to make another push higher but the lack of conviction and tight trading ranges this week, not to mention low volume, are signs the bears are still around.  We really didn’t expect a “blow-off” the roof type rally on the Greece news, we did if a deal would have come at the start of the week, but the fact that it took until yesterday was not surprising and it isn’t really a deal.  It was another “agreement” on a deal and to be a long story, short, if a check isn’t stroked by next Wednesday, Greece will default in March. 

The Dow added 6 points, or 0.1%, to finish at 12,890.  The blue-chips traded to a high of 12,924 and took out Wednesday’s 52-week high of 12,893.  The Dow is at its highest level since May 2008 which was also the last time the index was above 13,000. 

The S&P gained 2 points, or 0.2%, to end at 1,352.  The index kissed a high of 1,354 and is at its July 2011 top.  The 52-week high is 1,370 which was hit on the first trading day of May 2011.

The Nasdaq advanced 11 points, or 0.4%, to settle at 2,927.  Tech reached a peak of 2,930 and is at its highest level since December 2000.

We know all of this stuff because we have an elephant brain and we are chart-a-holics.  We are also history buffs and sentiment watchers so we try not to follow the noise.

We have a lot to talk about inside our Members Area this morning so we have to cut it short as we have a few trades to tweak.  As

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2012 Closed Trades:
    Our updated 2012 Track Record is now at 85-18 for an 82% win rate. We have closed 24-straight winning option trades since late March!

    Despite the recent volatility, we have given more "locks" to our subscribers than a Vegas bookie. If you started with a $10,000 trading account, our CLOSED option picks would have made you over 600% by now. In other words, YOUR $10,000 option trading account would be worth over $70,000 as we have become one of the most powerful option newsletters in the business. Our biggest trade of the year so far was hit in early May when shares of Green Mountain Coffee Roasters (GMCR) fell 50% after an earnings miss which made our subscribers 576% on the put options!

    We DON"T count "half" closed trades twice, or "third" closed trades three times like other option newsletters do. Some option services will fluff their Track Records up by using these smoke-and-mirror tricks. They will also "average down" a losing trade in hopes of it coming back then will record the "average" price of the trade when it was really 2 bad trades. Most option websites DON'T have track records and say they give 300% winners. The devil is in the details.

    We don't play these types of games which is why we have the most dedicated subscribers in the business because we have earned their trust. We have recommended 103 trades, 85 winners, 18 losers for 2012. Pretty simple and pretty powerful. We also have verified auto-trading partners who trade our recommendations for your account if you cannot watch the market. They will also tell you how good and how honest our service is.

    Here are some of our other profitable triple-digit recommendations: Capital One (COF) call options +423% in 8 days, American Express (AXP) call options +310% in under 7 days, magicJack (CALL) call options +80% in 3 days, Microsoft (MSFT) call options +124%, STX call options +100% in 2 weeks, +114% and +131% on 2 MGM Resorts (MGM) call options trades in 3 weeks, +158% on Zynga (ZNGA) call options and +107% in Aflac (AFL) call options in 6 days. We also had a +200% winner with Scientific Games (SGMS). Some of our double-digit gains include +58% on WPRT calls, +80% on TSM and +38% on INT call options.

    Our Weekly Wrap is 35-0 since the start of 2011 and is 17-0 for 2012. Some of our winners include +55% on Solazyme (SZYM), +27% on Clean Energy Fuels (CLNE), +38% on Vivus (VVUS), +17% on MGM, +18% on Dendreon (DNDN), and +20% on Darling (DAR). Despite what the suit-and-ties say, you can make incredible gains trading the RIGHT covered calls.

    Over the past 5 years we are averaging a 75% winning percentage for all our trades despite volatile, flat and choppy markets. Come see why some of Wall Street's pros are following us instead of the Journal!

    Here are some of our profitable 2011 recommendations: ORLY call options +191%, VMW call options +100%, JOYG call options +169%; GS put options +184%; FDX put options +164%; OXY put options +74%; +137% on RIMM put options, +1,167% on RMBS puts in 11 days, +296% on FCX calls; +157% on ZAGG calls; +110% on LNKD puts; +133% on RLD put options.

    You can also request our Track Records to see all years by entering your email address which will allow you access to the portfolios.

    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 2008-2011 Track Records by sending us an email or filling out the box below. 665 Total Trades; 459 WINNERS or 7-out-of-10.


2008 - 2010
Track Record
94.05%
73% winners
Results are NOT compounded.

Request our detailed Track Records which are updated in our Members Area. As soon as you sign-up for a subsciption, you will have access to all open and closed trades for 2011 and past years.

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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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