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ManianFH
living in perverty


Registered: 07/06/04
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Last seen: 1 day, 8 hours
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: Stonehenge]
#16243066 - 05/16/12 10:57 PM (11 years, 8 months ago) |
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im thinking of pooling $1000 into facebook stock on friday, anyone else gonna jump on this train?
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: ManianFH]
#16244766 - 05/17/12 11:27 AM (11 years, 8 months ago) |
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I wouldn't. The company, while having tremendous reach, does not have the current revenues or growth to justify the $100 billion valuation the company will get. If you can buy the shares on offer before they go public, that's one thing. But buying them on the open exchange tomorrow morning doesn't seem like a great idea (though I will surely trade the momentum on an intraday basis for a quick flip, if the trade sets up accordingly).
I am on a list with Ameritrade as eligible to receive a piece of the actual IPO, but honestly I doubt I'm going to get any. The thing is way oversubscribed, hence why they decided earlier this week to offer even more shares and at an even higher price. They're just milkin' it, which will dilute individual shareholders and further inflate the valuation of the company to the detriment of its shareholders.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Irradiated_Feces
doomedgeneration


Registered: 07/11/03
Posts: 4,278
Loc: Great White North
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: geokills]
#16246833 - 05/17/12 07:18 PM (11 years, 8 months ago) |
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facebook lol, what an over-hyped disappointment in the making. GRPN anyone?
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Irradiated_Feces
doomedgeneration


Registered: 07/11/03
Posts: 4,278
Loc: Great White North
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: Irradiated_Feces]
#16318926 - 06/01/12 07:35 PM (11 years, 7 months ago) |
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Quote:
Irradiated_Feces said: facebook lol, what an over-hyped disappointment in the making. GRPN anyone?
BOOM nailed it! Sorry if you bought in dudes...
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ben_dover0802
shroom addict



Registered: 09/21/08
Posts: 648
Last seen: 7 years, 8 months
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: Irradiated_Feces]
#16410576 - 06/20/12 07:10 PM (11 years, 7 months ago) |
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Hey everyone, how are we doing? Just a little update, still been hanging around - been about neutral this past month despite making many trades. That GMCR short has been working out, it looks like it is almost time to reload if you think this company continues the downtrend, I bought about 1/2 of my shorts shares back yesterday in the morning but may short it again in the next couple day.
I am also involved in Chesapeake Energy (CHK) bought it at $17.84, I will probably take a little off the table before the week is over.
I also bought some US Airways stock (LCC) @ 12.34 it is in a nice uptrend and as long as you put a stop right below the 20 dma, I think it would be a good position to take honestly. New buyers should wait until it does get closer to the 20 dma however, I am looking to start taking a little profit off the table with this stock fairly soon too.
Besides my usual AGNC, the last stock I currently own is Fusion-io (FIO), a new age computer hardware company. I bought at 20.64 looking for a volatility expansion, it hasn't quite given me that, but has been creeping up which I cannot complain about. It is still poised for the expansion though as well as being near a multi week support level so I am holding on to this one. It honestly wouldn't be that bad of a buy right here in my opinion, though you may be able to get it $1 or so cheaper.
One stock that i am not involved in but wish I was is bank of america (BAC) I saw this guy back at $7.00 in the beginning of june and thought it would be a solid buy, but never pulled the trigger due to me traveling a bit. It is moving up the upper bollenger band though and was at $10 earlier this year so it still has the possibility of some more upside for sure. I am keeping an eye on this one for a good entry.
Best of luck, or more appropriately discipline fellas.
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: ben_dover0802]
#16415756 - 06/21/12 04:24 PM (11 years, 7 months ago) |
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I hope nobody was long today. After all that happy talk in the paper about how they recovered the losses that came earlier and how greece was propped up now, and then whammo!
Interestingly enough gold took a dive too. Its getting close to buy territory. I figure oil took a dive too which i always like to see.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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demiu5
humans, lol


Registered: 08/18/05
Posts: 43,948
Loc: the popcorn stadium
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: Stonehenge]
#16415798 - 06/21/12 04:33 PM (11 years, 7 months ago) |
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Quote:
Stonehenge said: Interestingly enough gold took a dive too. Its getting close to buy territory. I figure oil took a dive too which i always like to see.
i watched the prices all day, practically, and have been thinking the last few hours of closing my bank account and buying up a bunch of silver with it. today's losses would cover the purchase fee and maybe then some. although i'm really interested to see how it plays out tomorrow
-------------------- channel your inner Larry David
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PDU
travel kid vs.amerika



Registered: 12/03/02
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: demiu5]
#16416584 - 06/21/12 07:25 PM (11 years, 7 months ago) |
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Where do you watch the current price of silver at?
-------------------- GO OUTSIDE.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: PDU]
#16417441 - 06/21/12 10:08 PM (11 years, 7 months ago) |
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Just type "silver spot" into Google and you'll find current value. Of course in practice, you'll generally end up taking a little less on a sale and paying a little more on a purchase, if you are buying physical silver metal.
Kitco.com 24 hour silver spot Bloomberg Commodity Futures
As for the markets, pretty much the only thing I've bought in the last couple of months is physical silver. I was surprised at the intensity of the rally in the aggregate market over the past few weeks, and admittedly a little disappointed that I missed it! On the other hand, taking a break from the market has proven absolutely invaluable for my soul and spirit. I still have a basket of high yielders, but am by and large, out of the market.
I would be interested in buying a bit on another test of the S&P's 200 day moving average, say just under or at 1300, since it provides for a low risk scenario, provided you make use of sell stops (ie. be right or right out). Europe has been at a fever pitch, and the bad economic data has been consistently poor... I just think that given the nature of human psychology, the market could be getting used to the negative news flow on a short term basis and be ready for a bit more bounce/consolidation around the 200 day moving average.
It is however important to recognize that while the market was in a marked uptrend from October 2011 through March, we are presently in a downtrend on at least an intermediate term basis with a series of three markedly lower highs on the S&P over the past few months.
Tough market, not one worth making BIG bets on unless you're used to trading very fast (or perhaps more aptly, you're a gambler). If you are an investor for the long haul and not just a quick flip, I would not be aggressive, better to sit this mess out or take smaller positions than you might usually take.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ben_dover0802
shroom addict



Registered: 09/21/08
Posts: 648
Last seen: 7 years, 8 months
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: geokills]
#16418311 - 06/22/12 12:59 AM (11 years, 7 months ago) |
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Got a solid gain with GMCR today, actually came up in the green today despite owning other stock. LCC bucking the trend helped too, but it looks like it is about ready for a pullback. I'm considering buying the VXX here with some freed up capital, looks like it definitely could have some upside. Any thoughts on that?
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demiu5
humans, lol


Registered: 08/18/05
Posts: 43,948
Loc: the popcorn stadium
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: ben_dover0802]
#16419436 - 06/22/12 08:52 AM (11 years, 7 months ago) |
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i know it's early, and i will continue to watch it, but i'm excited by both silver and gold not bouncing back any this morning. they're not down too much, yet, so there's a chance for a slight gain, but yesterday's drop will not be regained today
-------------------- channel your inner Larry David
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: demiu5]
#16420037 - 06/22/12 11:24 AM (11 years, 7 months ago) |
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Not much of a bounce today. Take a look at the market chart for the great depression and it will be interesting. There were rallies back then and they always fell back down. It was a gradual slide into the lows and even then it always looked like it would come back but then it didn't. I'm bearish on the long term but gamblers might be able to grab a buck. Its like playing dice with the devil.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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geokills
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: ben_dover0802]
#16424092 - 06/23/12 03:00 AM (11 years, 7 months ago) |
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I've posted about the VXX before. I had a short put trade going that I unwound for a small loss a few weeks ago due to poor timing (if I'd held I would be profitable). I also commented that the VXX is subject to manipulation by options traders who feverishly sell near dated calls against their longer dated long side positions, which artificially lowers underlying value. Further, the VIX, which is the underlying instrument of the VXX, is not quite as relevant as it has been in the past, primarily due to the proliferance of inverse ETF's which allow investors to hedge without purchasing Puts. It could still be a viable trade don't get me wrong, but I've personally had a hard time with the VXX (ie. have lost money on more than one trade), so I'm shying away.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
living in perverty


Registered: 07/06/04
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: geokills]
#16466759 - 07/01/12 06:15 PM (11 years, 6 months ago) |
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Thanks for the advice about FB geo, I didn't pull the trigger and it turned out to be a good learning experience. I am very new to investing, but am planning on pooling about $500 of my monthly income towards commodities/stocks; I dont make much (2200/mo), and am trying to expand my earning potential.
Are there any books you would recommend for a beginning investor? I would like to learn how to read potential investments better. Right now any investment I make seems like a gamble.
I just picked up this book and will see what I can get from it
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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ManianFH
living in perverty


Registered: 07/06/04
Posts: 14,741
Last seen: 1 day, 8 hours
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: ManianFH]
#16473126 - 07/03/12 12:26 AM (11 years, 6 months ago) |
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how do you feel about crude oil? i feel that as a potentially extremely limited resource it is bound to make a big leap over the next several years. how would you consider it as a long term investment?
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
Edited by ManianFH (07/03/12 12:39 AM)
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geokills
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Registered: 05/08/01
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: ManianFH]
#16474553 - 07/03/12 11:01 AM (11 years, 6 months ago) |
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The problem about oil is that the price is just as (if not more so) related to economic growth as it is to its scarcity. In a slowing global environment, which is where we are, I don't see oil taking off.
Can't comment on the book you purchased, as I've never read it, but a few books I would suggest reading are:
On that note, I am still largely sitting out the market with the exception of a handful of core high yielding positions I've been holding for a while. I did however initiate a July $70 call option position on NFLX last Friday on speculation that the stock had been putting in a long base, bollinger bands were narrowing, and the 50 day moving average had been given enough time to come down to meet the price. They're paying off today, up over 140% as of this writing with NFLX breaking through its 50 day and volatility expanding to the upside. Volume is also picking up, so it may not be too late to buy a little bit of this stock right here.
Look at AAPL as well, it is expanding out of a bit of a volatility squeeze and testing the psychologically significant $600 price level. I would not be surprised to see the stock continue to run into its earnings report.
Overall, the S&P is hugging its upper bollinger band after a ferocious move last Friday. Because the bands are fairly wide, I'm not going to chase this move, particularly because this is a holiday week and we are still susceptible to European related risk as well as our own economic data (manufacturing data on Thursday and jobs data on Friday).
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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qman
Stranger

Registered: 12/06/06
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: ManianFH]
#16474558 - 07/03/12 11:03 AM (11 years, 6 months ago) |
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Quote:
mick said: how do you feel about crude oil? i feel that as a potentially extremely limited resource it is bound to make a big leap over the next several years. how would you consider it as a long term investment?
Oil might be a good long term investment, but many think in the short term (1-2 years) oil will remain weak due to the global financial crisis. Today demand remains weak, but at the same time currencies are also weak supporting the price.
Oil stocks have been very poor performers the last 1.5 years even as the oil price has remained quite strong, so there is value in the sector if you are willing to do their homework.
Overall, global production has remained flat for the past 6 years, and demand has increased as emerging economies (China) start driving more cars. Many oil exporting nations are now keeping the oil for their own consumption, and new discoveries are more rare and are often off shore.
I would say be patient and buy some high quality oil stocks on weakness, but do your research.
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Bambi
Friendly Forrest Animal




Registered: 03/22/09
Posts: 1,668
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: ManianFH]
#16476292 - 07/03/12 05:28 PM (11 years, 6 months ago) |
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My dad has always been a more passive trader than me and among his favorite type of stocks he buys oil and oil related ones for the dividends and the somewhat secure aspect that there is no fuel that can replace oil in the immediate future. I myself took a small position in PGH (A Canadian oil company) as the price is low enough where i could get enough shares to offset my commission and it seemed stable. Well it wasn't (go figure) and has dropped from my entry at 10 to a low of 5.80 and is now at 6.56. Since you appear to have some interest in oil and this is the only oil stock i actively watch, ill let you know what i know. I do not think the price will drop below 5 maybe 4. If it drops below 6, which I could definitely see as possible, I think that it is low enough to start a position without too much risk outside of oils continuing to perform poorly.
In other news I have been trading MHO a bit lately and got out on friday just to watch it climb to new 52week highs yesterday and today but alas I made a profit and am happy with that. I'm long in ARR, ATVI, BKCC, PGH, and VE with about 40% of my portfolio in ARR. I'm looking to sell ATVI if there is a boost from earnings due to Diablo 3 sales, but if not, im content to ride along. I'm watching MHO for a pullback into the 15's if not 13's to start another position as this stock has been performing great despite the market.
Geo, around what level would you suggest looking to enter AGNC? Now that I have gotten a taste of trading stocks; I have more money to put into long term positions.
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"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
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ManianFH
living in perverty


Registered: 07/06/04
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: Bambi]
#16478347 - 07/04/12 12:30 AM (11 years, 6 months ago) |
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Thank you all for your responses. I will start doing my homework. To answer your question, almost every investment I plan to make is looking years out. Something I can let sit for 10+ years, unless I felt it was naturally a great time to pull out.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
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Re: Stock Update for May 3, 2012 - X, AXLN, AAPL [Re: Bambi]
#16481116 - 07/04/12 03:44 PM (11 years, 6 months ago) |
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Quote:
Bambi said:
I myself took a small position in PGH (A Canadian oil company) as the price is low enough where i could get enough shares to offset my commission ...
Total newbie mistake (I've been guilty of it myself), and often the reason those new to investing are attracted to penny stocks. "Wow, I can afford 10,000 shares, it only has to go up a few cents for me to make some nice change!" Unfortunately, you lose money on a similarly small absolute price movement. If you want to be successful at investing, you should not be paying any attention to the absolute price of the stock's share prices, the cost of trading commissions or tax obligations (with the exception of the wash rule). Commissions are low enough ($10/trade or less) that if that amount of money is putting a serious dent in your capital, you probably shouldn't be buying and selling stock since you likewise probably cannot afford to maintain a diversified portfolio. Focus on the quality of a company, the relationship between its growth rate and valuation (PEG ratio) and the technical price action of the stock.
Quote:
Geo, around what level would you suggest looking to enter AGNC?
Around its 200 day moving average, say $30 or thereabouts.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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