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Thursday, August 28, 2008 

Stock Picks and Trade Ideas for Friday - TRN, GOOG, RIMM

Chart courtesy of stockcharts ( click to enlarge )

RIMM is losing momentum and the daily relative strength index has entered the neutral region from the bullish zone. Investors may hold with a stop-loss at $125. Only a close above $131 would negate the short term bearish outlook.

Chart courtesy of stockcharts ( click to enlarge )

GOOG declined to a support zone and upside volume is starting to pick up - watch resistance at $480.

Chart courtesy of stockcharts ( click to enlarge )

TRN broke falling wedge resistance with a surge in volume. The technical chart shows the stock is now back to uptrend and with K line above D line and RSI above 50 we may see more upside.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Tomorrow !!!

AC

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Stock Picks and Trade Ideas for Thursday - SNDK, LVLT, MU, GME

Chart courtesy of stockcharts ( click to enlarge )

GME - The stock is sitting on the 50-day moving average. However the internal indicators ( KD, MACD and RSI ) are showing negative divergences and in the world of technical analysis, that is not good. Investors may hold with a stop-loss at $42.70. If stock breaks this level then the stock can head to $42 and if this level is breached then the level of $39.90 is visible.

Chart courtesy of stockcharts ( click to enlarge )

MU - Daily chart above shows that it is still to early to say that the downtrend has ended. It is better to stay at the sideline. Only a close above $4.42 would trigger some positive sentiment.

Chart courtesy of stockcharts ( click to enlarge )

LVLT - It looks like the uptrend is back. Stock broke out from its descending triangle. Technical indicators such as KD also show buy signal as K line has just crossed on top over D line.

Chart courtesy of stockcharts ( click to enlarge )

SNDK - The long-term chart shows an under performer when compared to other stocks in the same sector. Sandisk seems to have a remarkable support around the $14.00 mark and the medium-term chart shows a falling wedge, a bullish indicator. If it breaks out of this wedge that is a very good sign.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Tomorrow !!!

AC

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Tuesday, August 26, 2008 

Stock Picks and Trade Ideas for Wednesday - RMBS, TRN, SOLF, LDK

Chart courtesy of stockcharts ( click to enlarge )

LDK gapped up off support in early August and continued higher with expanding volume. Look for a break above $50.95 to revive the bull.

Chart courtesy of stockcharts ( click to enlarge )

SOLF remains in a clear uptrend, but there were four days of high volume selling pressure and this stock is way overextended. After two weeks of consecutive up days sell divergences have emerged. Expect pullback to $17.37.

Chart courtesy of stockcharts ( click to enlarge )

TRN formed a falling wedge back to the middle of the prior consolidation. If this stock breaks out above $35.32 its very probable that we will see a decent upside move for the bulls.

Chart courtesy of stockcharts ( click to enlarge )

RMBS - Stock broke resistance at $17 with a big move on a big volume. This is not the first up day on big volume either. For now, expect an initial run up to the early July $18.13 high.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Tomorrow !!!

AC

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The Bank of England may cut U.K. interest rates

The Bank of England may cut U.K. interest rates this year, to protect the economy from recession, despite the rise in the rate of inflation. The British economy stagnated in the second quarter of the year. According to some economists contacted by Bloomberg, the Bank of England will lower the interest rate of the country, currently about 5%, to protect the economy from recession. Economic growth may well become the main concern of the central bank governor, after the economy has given clear evidence of stagnation in the second quarter of this year. Economists predict that the bank will finally lower its interest rates, although the rate of inflation has reached the 4.4% in July, more than twice the limit of 2% set by the central bank.

AC

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Monday, August 25, 2008 

Stock Picks and Trade Ideas for Tuesday - KLAC, SSCC, AAPL, RMBS

Chart courtesy of stockcharts ( click to enlarge )

RMBS - The stock looks like is close to attempting another breakout. Although the stock didn't perform well this year, we start to see now some signals of rebound as the technical chart shows positive momentum is back. RSI has crossed over 50 ->short term bullish. Positive money flow index is confirming the upside movement. The stock is also back above 20 day moving average showing positive momentum. Although both 50 day and 200 day moving averages are falling, the rising KD shows the stock is probably now in recovery mode. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

AAPL - The stock may find resistance at $176.23 while its 50-day moving average of $170.28 might act as the potential support level. There is something also important to point out in the chart above, the volume is daily decreasing which could mean that the current trend will probably not continue and a reversal may be imminent. Stay tuned on Apple.

Chart courtesy of stockcharts ( click to enlarge )

Technically, SSCC shows a downward channel trend for the last 9 months. The bottom of the channel is around $3. The chart shows the stock is in a bear market as it is way below of 200 day moving average and trading below its 20 and 50 day moving averages. In addition, since MACD is in negative territory as it has dropped below 0 this is not the time yet to buy the stock for long. Only a break above $5.52 would reinstate bullishness.

Chart courtesy of stockcharts ( click to enlarge )

KLAC - This stock is holding up nicely above the key support of $38.98 ( 50 EMA ) in this weak market environment. Short-term investors can hold the stock as long as it trades above this support with a stop at $38.98. Long-term investors can keep a deeper stop at $36.80.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Tomorrow !!!

AC

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The new face of Microsoft

The comedian Jerry Seinfeld will be the main protagonist of the new ad campaign from Microsoft. The company founded by Bill Gates foresees an investment of more than 200 million euros this strategy, which will be the most expensive of the action launched by the multinational. According to information put forward by the newspaper Wall Street Journal, the campaign starts in the first days of September and comes as a counter-attack to strong investment that rival Apple has done in the communication of their products. According to the same source, Jerry Seinfeld will receive EUR 7 million for its participation in this campaign, where will participate, among other players, with Bill Gates.

See you later for more trade Ideas.

P.S. - Stay tuned on Rambus, stock is trading up with volume in a falling market.

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Sunday, August 24, 2008 

Stock Picks and Trade Ideas for the week ahead - SMCI, CIEN, RMBS, MER

Chart courtesy of www.stockcharts.com ( click to enlarge )

Merrill Lynch price action has remained under its daily 20-day moving average ( white line) for some time, however, a rising daily MACD momentum has begun a bullish divergence suggestive of a price reversal at these price levels. A break above $25.75 would be bullish. Let's keep an eye on it.

Chart courtesy of www.stockcharts.com ( click to enlarge )

RMBS - Thursday's rally was one of the strongest of the year. This strength is confirmed by price movement as well as two momentum indicators. MACD and KD show buy signal as MACD is above signal line and K line is on top of D line. The stock has held support at the $15.76 ( 20-day moving average ) level and is displaying a screaming buy divergence on the upside.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CIEN - Momentum has been rising since the August low's and has reflected a strong divergence buy setup. The stock is now testing the 20-day moving average and I think offers a good perspective into the overall sentiment. If a breakout occurs, look for upside price targets in the previous $21 area.

Chart courtesy of www.stockcharts.com ( click to enlarge )

SMCI - The stock is in overbought condition from a technical standpoint and the chance of trend reversal appears high. Consider shorting Super Micro Computer shares keeping the stop loss at day's high level. This strategy is only for those who are willing to take risk, as the stock could move up quite sharply at a fast pace.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Monday !!!

AC

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Thursday, August 21, 2008 

Stock Picks and Trade Ideas for Friday - QCOM, BIDU, LEH, RMBS

Chart courtesy of stockcharts ( click to enlarge )

RMBS was the strongest stock on Thursday. It has crossed its medium term resistance at $15.78 ( 20 EMA ) with strong volume. The technical daily chart shows the stock is back to a new rally as K line has just crossed on top over D line and MACD signal is still on top of 0 showing strength for the short term. A move above $16.34 opens the door to $17. I'm still Bullish on Rambus at this point.

Chart courtesy of stockcharts ( click to enlarge )

LEH - The stock has support at $12.5. If the stock is able to sustain above this level, then it might go to $15 and then even to $16.76 ( 20 EMA). Support after $12.50 is at $11.92. Despite weak signal from MACD in the technical daily chart as MACD and signal line are below 0, the technical chart shows this might be a great time to buy the stock as K line has just crossed on top over D line showing buy signal while ROC is still at oversold level.. Nevertheless the stock is currently in a downtrend.

Chart courtesy of stockcharts ( click to enlarge )

BIDU crossed its immediate resistance yesterday. It has a good base at $300 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $327.

Chart courtesy of stockcharts ( click to enlarge )

QCOM had a nice surge a few weeks ago and has been consolidating that move since then. Looking at technical chart, the stock price is making higher highs and higher lows, that time frame is considered to be in an up trend. However there are some negative divergences on the technical indicators, such MACD and Full Stochastic. If it holds this area then a reasonable target is near $57.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!!

AC

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Wednesday, August 20, 2008 

Stock Picks and Trade Ideas for Thursday - JDSU, LVS, CREE, NVDA

Chart courtesy of stockcharts ( click to enlarge )

NVDA has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $13/share Tuesday on a respectable volume in the face of a collapsing market. This breakout suggests a possible move to fill the gap in the low $18. However there is a strong resistance to break before move to $18 zone, the 50-day moving average at $14.36. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

CREE - The stock pulled back to the bottom of the breakout zone before confirming support today.The stock is losing momentum and volumes are also extremely thin. Consider buying when the stock reverses from this support level.

Chart courtesy of stockcharts ( click to enlarge )

LVS has good support at $41.27. If it falls below this level, then it can possibly go down to $36. The technical daily chart shows the stock is still weak as it is still trading below 50 day and 200 day moving average while K line is falling below D line.

Chart courtesy of stockcharts ( click to enlarge )

JDSU is displaying upside momentum and is poised to move higher from these levels. Expect an initial run up to its 200-day moving average at $12.41.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!!

AC

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Tuesday, August 19, 2008 

Stock Picks and Trade Ideas for Wednesday - XTO, LOW, CIEN

Chart courtesy of stockcharts ( click to enlarge )

The stock is moving in an upward channel with higher highs and higher bottoms a sign of a genuine up trend in progress. The volumes are going up simultaneously along with prices, it is clear that the underlying bullish trend will sustain. RSI is clearly overbought and shows a negative divergence, which could lead to a strong correction this week. Corrections are always healthy in an uptrend. MACD averages, is still above the zero line in the indicator and as long as it remains above the zero line the trend will remain intact. Prices are above the major moving averages. Therefore, look for prices to correct downwards before continuing the up trend again. The major support for stock is now at $23.03 ( 200 EMA ).

Chart courtesy of stockcharts ( click to enlarge )

CIEN is starting to show signs of accumulation with high upside days and low downside days. Momentum has been rising since the August low and has reflected a strong divergence buy setup. Watch $19.03 for a breakout.

Chart courtesy of stockcharts ( click to enlarge )

XTO - The technical daily chart has kept moving downwards after hitting a record high at $73.74 in June 2008. The strong downward momentum in stock is not likely to end soon. In the chart, we can see the dead cross ( 2 Expotential Moving Averages of 50 and 200 are drawn in blue and red repectively ). However, it may be too early to be confirmed for a short signal as the 50 EMA just broke downwards the 200 EMA. We may better wait the further downward acceleration 50 EMA.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!!

AC

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Monday, August 18, 2008 

Stock Picks and Trade Ideas for Tuesday - ITT, GIFI, TRN

Chart courtesy of stockcharts ( click to enlarge )

Trinty looks like it is trading in a bull pennant with volume contracting as it consolidates. These patterns generally resolve to the upside as continuation patterns, so I am looking at a break of the recent narrow range candles as a potential signal that the uptrend is resuming. A breakout from the bull pennant should mark the beginning of the next leg up. It is still looking quite bullish overall.

Chart courtesy of stockcharts ( click to enlarge )

GIFI - The stock continues losing ground. Any close below $38.52 for me will mean that this bear market has started for GIFI. In addition, MACD is very weak, heading for zero with falling rally, downside pressure could intensify at any time. So a close below $38.52 would be our next important signal to watch for.

Chart courtesy of stockcharts ( click to enlarge )

ITT is pulling back after recent strong move up. If it does not catch support here on its 20 day moving average, look for support at the $63.86 level. The technical daily chart above shows that MACD fast line has fallen below slow line which could mean that this stock is losing momentum. Overall still bullish, but negative momentum is on the rise. Stay tuned on ITT Industries.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!!

AC

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Saturday, August 16, 2008 

Stock Picks and Trade Ideas for the week ahead - SIRI, MPEL, LDK, CIEN

Chart courtesy of stockcharts ( click to enlarge )

CIEN showed a bullish movement on Friday when it closed the resistance at $18.69 accompanied with a large volume of about 5.5 M shares. The MACD has currently crossed above the signal line indicating a buy. From mid-May to mid-August this year, the stock lost half its value. The stock looks attractive at current levels, considering the good fundamentals of the company.

Chart courtesy of stockcharts ( click to enlarge )

LDK broke falling price channel resistance on heavy volume last week and continues to work its way higher.

Chart courtesy of stockcharts ( click to enlarge )

MPEL - The downtrendline was broken to the upside last week. Nearest resistance for the stock is at $7.99. If this level is crossed and the stock is able to sustain above this level, then it might go to $9. On the downside, the stock has support at $7. The stock is currently in a new uptrend.

Chart courtesy of stockcharts ( click to enlarge )

SIRI - This stock has been under a lot of pressure, recently but in the last three sessions the stock reversal its trend. The stock had a very bullish action last week and recovered 20% of the recent downward move. The stock closed at $1.49 on Friday. The price is currently below the 50 day, 50 day and 200 day moving average, a bearish sign. However the short term stochastic signal is showing some positive sign. The stock is currently in a short-term uptrend. It has resistance at $1.52 and then at $1.70. On the downside, it has strong support around $1.26 to $1.29 levels. If these levels are broken, then the trend would become down.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Monday !!!

AC

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Friday, August 15, 2008 

Have we found the bottom of this market ?

Many questions are currently present in minds of many investors after the strong performance of the stock market in recent days. Have we found the bottom of this market? There is no concrete answer for this question. People still acting in this market with lot of uncertainties, but one thing is materializing, the fear of investing these days is dropping. The only certainty is that nobody has a concrete answer. The feeling gives, however, signs of reversal. The American financial agency Bloomberg reported on Wednesday that a barometer shows greater optimism on the part of professional investors. Although the majority of respondents continue to predict a fall in the indices of the stock market, are much less those who are pessimistic. The sharp fall in raw materials, particularly oil, which dropped 20% from the record, is a major factor that sustains the hope of a greater number of professionals in the industry of investment. Confidence in relation to the performance of the global economy, measured also by the barometer of Bloomberg, rebounded in August compared with the minimum of ten months recorded in the previous month. The dark days that we have seen over the recent months, might be near the end. I’m beating for a strong second half of the year for the stock market. It’s clear that the macro economic indicators are not in favor of the optimism in general, but the recent sharp drop in the raw materials that push crude Oil and other commodities into the bear market territory, will contribute significantly for the improvement of economic in general. Let’s see what the sovereign market will tell us in the coming days!!! The fresh air has already reached the Bulls ....

See you later,

AC

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Stock Picks and Trade Ideas for Friday - RMBS, AAPL, SNDK

Chart courtesy of stockcharts ( click to enlarge )

SNDK shares surged more than 9% to $17.82 after rumours saying that SanDisk is a possible target for Seagate. Here is one of the sources : Engadget.com " Seagate has already made its intentions about jumping into the SSD game pretty clear, and one analyst now says he sees two clear options at the company's disposal if it wants to seriously make a go of it, each of which involve Seagate shelling out a good chunk of cash. According to Lazard's Daniel Amir, one option would be to buy out Intel's 49% stake in the IM Flash Technologies joint venture it has with Micron, which would reportedly cost anywhere from $1 to $2 billion (not to mention put Seagate on the outs with Intel). More likely than that, Amir says, would be an acquisition of or partnership with SanDisk, which he says would be an ideal fit given Seagate's expertise on the enterprise side and SanDisk's retail knowhow. Amir doesn't put a price tag on that option though, but you can be sure it wouldn't be cheap." Things to focus on technical chart above is the spike in volume in late July. It marked the end of the slide and beginning of bottoming. Although both 50 day and 200 day moving averages are falling, the rising KD and MACD show the stock is now in recovery mode. In addition the stock is also back above 20 day moving average showing positive momentum. Let's keep an eye on it.

Chart courtesy of stockcharts ( click to enlarge )

AAPL - The stock might face a period of sideways action while it consolidates the gains booked in the last session. The stock will face short to medium term resistance at $180.91. Once this level is crossed with good volumes, the stock can go to $190.

Chart courtesy of stockcharts ( click to enlarge )

RMBS -This stock is slowly under accumulation based on the Chain Money flow indicator also still showing positive divergences on MACD. Lack of volume, slow movements and this look likes everybody are in the expectation of new developments in the case of Hynix. I’m still beating for good news for Rambus this is the reason why I’m still holding my shares. Over the recent years, August and September has been good months to take long positions in this stock, so probably I will increase more my position believing that Rambus will win this case. Please be aware that Rambus is the kind of stock that the share price depends in part of the news that comes to the market, causing generally large fluctuations in the share, so be careful if you’re not familiar with the stock. I own Rambus shares.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Tomorrow !!!

AC

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Mercedes covered with diamonds !!! Amazing


Do you love luxury cars? So, this post is just for you!


I heard that people, well, people who lives from oil, they lives like kings, or better than kings. I already saw pictures of beautiful houses, palaces, boats and cars of those people, but today I was surprised when I saw these pictures! Yes, this is a Mercedes covered with beautiful diamonds! No, this is not my car ;-) This car belongs to the Prince Waleed, from Prince Saudi Arabia. Oh, if are thinking to see this car, don’t touch on it, because you if you do that, you have to pay $1000.

Photos courtesy of DrollThings.com !!!

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Tuesday, August 12, 2008 

Stock Picks and Trade Ideas for Wednesday - TSRA, FSLR

Chart courtesy of stockcharts ( click to enlarge )

FSLR - With MACD below 0 the stock is still in bear market so wait until the stock reverse back to uptrend before you buy the stock. For now the stock is holding the 200 DMA and the horizontal trendline as well. Hold with a stop-loss at $243.03. If stock breaks this level then the stock can head to $234 and if this level is breached then the level of $225 is visible. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

TSRA - The stock broke resistance with good volume over the last few days. Tessera has now a strong resistance at $24.72. If the stock is unable to cross this level, then it might decline to $21.47. If this level is crossed and sustain above it, then it may go to $27.09 ( 200 DMA ). However, I would like to point out that TSRA is now in Overbought zone and hence the chances of a short-term pause or decline are on the higher side.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Tomorrow !!!

AC

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Monday, August 11, 2008 

Stock Picks and Trade Ideas for Tuesday - RMBS, RIMM, BIDZ, BIDU

Chart courtesy of stockcharts ( click to enlarge )

BIDU has support at $300. If the stock sustains above this level, then it might go to $319.78 (20 DMA).On the downside, support after $300 is at $287.23. The technical chart shows the stock is in a bear market as it is way below both 50 day and 200 day moving average. All indicators still point to a bear market. The trend is currently down.

Chart courtesy of stockcharts ( click to enlarge )

BIDZ - The stock has seen huge rise in prices in the last few sessions. It has resistance at $10.80. If the stock is unable to cross this level, then it might decline to $10.27. Support after $10.27 is at $9.50. On the upside, if the stock crosses its downtrend line and sustains above it, then it might go to $11.98.

Chart courtesy of stockcharts ( click to enlarge )

RIMM is currently in an uptrend and has seen huge uprise in prices. Nearest resistance for the stock is at $135. If this level is crossed, then the stock may see further buying interest. On the downside, support is at $125.10 ( 50 DMA ). If $125.10 is broken, then the stock may decline to $118.43 ( 20 DMA) or even $114.95 (200 DMA).

Chart courtesy of stockcharts ( click to enlarge )

RMBS ( update ) - On the technical daily chart, a pattern of higher lows is supported by a pattern of higher MACD. The MACD line is rising and is above its signal line. The stock closed above its 20 day-moving average, generally a Bullish sign. Are the technical signs suggesting that RMBS is about to break out of its downtrend line? I think so. Looking closely at the daily chart I think that the downtrend line was finally broken, but in need to know if tomorrow the stock will follow through in the upward direction. A decisive break of the downtrend line signals an end of the trend, and offers a trading opportunity to buy. So, stay tuned on it. Let's see what happen.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Tomorrow !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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