[06:20 am] Ed : good morning
traders [06:31 am] Mitch K: watching SIRO
for short, prefer 62.40 [06:31 am] Mitch
K: watching FL for top to short [06:31 am]
Mitch K: watching SINA for trades both ways;
next one is a bottom to buy [06:32
am] Mitch K: watching PRU for
bottom [06:32 am] Mitch K: watching GMCR
for bottom [06:33 am] Mitch K: watching
SOHU for bottom [06:33 am] Mitch K:
watching HOG for bottom [06:33 am] Mitch
K: watching INTU for bottom [06:33 am]
Mitch K: watching SHLD for bottom [06:33
am] Mitch K: watching GPS for top [06:34
am] Mitch K: watchign ATW for
bottom [06:34 am] Mitch K: QQQ low of
day [06:35 am] Mitch K: watching JOE for
bottom [06:35 am] Mitch K: monitor
HNZ [06:35 am] Mitch K: SPY low of
day [06:35 am] Mitch K: watchign ARUN for
bottom to buy [06:37 am] Mitch K: watching
NKE for top [06:37 am] Mitch K: watching
OSIS for trades both ways [06:38 am] Mitch
K: more downside on NOW [06:38 am] Mitch
K: watching AGNC for top [06:38 am] Mitch
K: watchign FB for top [06:39 am] Mitch K:
watching ARUN closely [06:39 am] Mitch K:
watching UA for top [06:41 am] Mitch K:
watching FFIV for bottom [06:41 am] Ed :
Advanced trade monitor SINA for break of lod
for short, with strong vol [06:42 am]
Mitch K: consider covering GPS soon [06:45
am] Mitch K: little more downside on GPS
short [06:45 am] Mitch K: FB
toppy [06:45 am] Mitch K: consider
reducing UA short, cover soon [06:45 am]
Mitch K: SPY near low of day again [06:45
am] Mitch K: watching FLIR for
bottom [06:46 am] Mitch K: consider
selling FFIV if long [06:47 am] Mitch K:
monitoring ITRI for bottom, take
time [06:49 am] Mitch K: watching CALI for
bottom [06:50 am] Mitch K: watching CALI
for buy entry [06:50 am] Mitch K: watching
ESRX for top, take time [06:50 am] Mitch
K: spy low of day [06:51 am] Mitch K:
cover NOW if short, Servicenow,
Inc. [06:54 am] Mitch K: watching VRX for
top [06:56 am] Mitch K: ESRX turning
over [06:56 am] Mitch K: watch CTRP for
top, too late to buy [06:56 am] Mitch K:
argh, missed CTRP bottom, staring right at
it, [06:57 am] Mitch K: watch LVS for
trades both ways, waiting for rebound to
short [06:58 am] Ed : reducing 3/4 SINA
short [06:59 am] Mitch K: a lot
late [06:59 am] Mitch K: BBBY bouncing,
little late [07:00 am] Mitch K: watching
CLNE for bottom [07:01 am] Mitch K:
getting selling in Europe, same with
US [07:01 am] Mitch K: CALI bounce weak,
think more of taking profits anytime, don’t
squeeze [07:02 am] Mitch K: more downside
on FAST [07:03 am] Ed : SPY lower
lows [07:04 am] Ed : trailing my SINA
short last 1/4 [07:04 am] Mitch K: still
watching SOHU for bottom [07:08 am] Mitch
K: SOHU bottoming [07:16 am] Ed : getting
bounce in SPY [07:19 am] Mitch K: consider
gradual covering of SIRO short [07:23 am]
Mitch K: HOG rebounding with market, watching
for sell exit, gradual selling [07:27 am]
Mitch K: not expecting much move on
SHLD [07:32 am] Mitch K: Murano, get back
in here and scan [07:32 am] Mitch K: SPY
toppy [07:40 am] Mitch K: REGN
toppy [07:50 am] Mitch K: i heard a voice
this morning during trading . . . .
Grasshopper, don’t go against Lightning or
you will lose. [it was in a Chinese
accent] [07:52 am] Mitch K: at least that
what you guys have told me, I wouldn’t
personally know, lol [07:52 am] Mitch K:
you guys notice we are vulnerable after
making a lot of money? that
overconfidence makes us think we can do
stupid things and get away with it. [07:53
am] Mitch K: i was up nicely using good
signals with Lightning and thought for some
reason i could take trades against it for
quick moments = WRONG [07:54 am] Mitch K:
whoever has the most discipline makes the
most money [07:54 am] Mitch K: this
business is all about discipline [08:02
am] Mitch K: good eye sman [08:11 am] Ed :
pullback in SPY [08:12 am] Mitch K: HOG
toppy [08:13 am] Ed : monitor AAPL @near
500 level, for potental quick long
setup [08:16 am] Mitch K: starting to
monitor LVS for bottom, real nice trading
stock [08:25 am] Ed : SPY nearing
lod [08:28 am] Ed : SPY new lod [08:29
am] Ed : lower lows on SPy [08:31 am] Ed :
if u shorted AAPL would cover, gettin close
to 500 level [08:33 am] Mitch K: market
heading over the Obama cliff [08:34 am] Ed
: reducing 3/4 of AAPl long and wil trail
last 1/4 long [08:36 am] Ed : SINA still
bleeding [09:00 am] Ed : SPY nearing
hod [09:12 am] Ed : out all AAPL
long [09:24 am] Ed : monitoring NSM for
potential short, been trending nicely so use
5min chart to spot top [09:32 am] Ed : SPY
new hod [09:38 am] Ed : scaling off on
CI, move look large than reall
was [09:43 am] Ed : SHLD new lod [09:43
am] Ed : SPY pulling back [10:26 am] Mitch
K: missed AMRN bottom [10:50 am] Ed : very
slow market action right now [10:53 am]
Mitch K: how slow is it Ed? [11:32 am]
Mitch K: not ready yet [11:32 am] Mitch K:
watching TNA for bottom [12:22 pm] Ed :
getting drop in NFLX [12:26 pm] Mitch K:
sell signal on TNA 2 min [12:57 pm] Ed :
have a great weekend traders
| [06:13 am] taco : good morning
everyone [06:14 am] cowboyh :
Morning Taco are we the only ones
today [06:14 am] Ed : . [06:15 am]
qwert : Good morning to everyone
:)) [06:15 am] cowboyh : GM
Ed [06:15 am] taco : we r never
alone:) [06:15 am] qwert : gm
Ed [06:15 am] reshef :
G.morning [06:15 am] victor51 : good
morning [06:15 am] reshef :
PENN [06:16 am] reshef :
OMX [06:16 am] taco : really good
trades yesterday, looking forward to
today [06:16 am] reshef :
MGM [06:20 am] taco : morning
Ed [06:21 am] skydiver : gm
all [06:21 am] joeytsa : Good
morning Ed, everyone [06:21 am]
joeytsa : gap up:
PENN,ASCA,GMCR,OSIS [06:22 am]
joeytsa : gap down:SINA,SHLD [06:22
am] qwert : SHF big gap up as
well [06:22 am] joeytsa : NKE
announced split [06:23 am] qwert :
Does anyone know when we switch contracts to
the next month on futures [06:23 am]
eyes : now [06:24 am] eyes :
cl 01-13 [06:24 am] akram : Good
Morning All [06:24 am] qwert : thx
eyes [06:25 am] cowboyh : O crap
wonder bread is closing no more
twinkies [06:25 am] joeytsa :
hostess is done [06:25 am] shawn :
Are we getting close to launching lightning
Mitch? [06:25 am] qwert : Eyes is it
always on this date [06:26 am] eyes
: yes [06:26 am] qwert : thank you i
will mark my calendar [06:27 am]
taco : thanks Mitch for your hard work,
know you are a busy guy [06:29 am]
elisha : Good Morning Mitch, Ed and
everyone [06:29 am] taco : NOW
moving higher [06:33 am] joeytsa :
AAPL moving down [06:33 am] joeytsa
: ES trying to hold 1350 [06:38 am]
murano : I forgot to watch
NFLX [06:42 am] joeytsa : watching
ALXN [06:43 am] joeytsa : OSIS still
giving little moves [06:48 am]
joeytsa : RKUS ipo getting ready to
open..use caution if you try to play
it [06:49 am] skydiver : thnx joey
— been waiting 🙂 [06:49 am]
joeytsa : tighten ALXN if
short [06:49 am] joeytsa : SINA
bouncing between $47-48 right now [06:49
am] joeytsa : AAPL testing
$520 [06:49 am] skydiver : RKUS is
open [06:53 am] joeytsa : KORS
pulling back a bit [06:54 am]
joeytsa : BBBY falling [06:54 am]
joeytsa : AAPL lod [06:55 am]
joeytsa : guess the market didnt care
much for the sequester [06:58 am]
joeytsa : watching to see what OSIS
does @ $61 again [07:01 am] joeytsa
: PLCE weak/dbl bot? [07:01 am]
joeytsa : tighten BBBY if
long [07:03 am] joeytsa : ES losing
S1 [07:04 am] joeytsa : nice trading
Ed [07:06 am] skydiver : monitoring
SOPHU [07:06 am] skydiver :
SOHU [07:06 am] joeytsa : SHLD a dog
today [07:08 am] skydiver : IPO RKUS
still dropping — [07:08 am] joeytsa
: NBL from yesterday, trying to
bottom [07:08 am] joeytsa : a bit
lower vol though [07:15 am] reshef :
AGNC On Top? [07:19 am] elisha :
housing sector turning over? [07:19 am]
regatta : WCN [07:20 am]
cowboyh : OMX turning over [07:23
am] eyes : sears down 9
dollars [07:23 am] eyes :
SEARS [07:23 am] joeytsa : its
SHLD..a dog today [07:24 am] joeytsa
: i couldnt get shorts on SHLD [07:26 am]
skydiver : DECK climbing [07:26 am]
joeytsa : nice sky [07:26 am]
joeytsa : big spike there [07:26 am]
skydiver : fast too [07:28 am]
qwert : FB is rollin today [07:30
am] joeytsa : AMZN hod [07:32 am]
murano : See ya’ll on Monday, have to
leave [07:32 am] Ed : c ya
murano [07:32 am] joeytsa : enjoy
the weekend murano [07:32 am]
joeytsa : haha [07:33 am]
joeytsa : sky: did you get DECK? i
didnt [07:33 am] skydiver : take
care murano [07:33 am] qwert : have
a great weekend murano [07:33 am]
skydiver : NO joey — I was too
slow [07:34 am] joeytsa : wheres
that coffee when you need it [07:34 am]
skydiver : yes . . . my wife just
brought me some 🙂 [07:34 am]
joeytsa : last night i got to meet up
with shark and klas…both really nice
guys [07:34 am] skydiver : awesome
joey [07:34 am] joeytsa : both in
town for the traders expo [07:35 am]
skydiver : I was wondering what they
were there for . . ok . . [07:35 am]
joeytsa : SHLD pullbing back to lod
area [07:37 am] skydiver : I may
need to change my bait on fishing for stocks
– – not getting many nibbles at
moment [07:37 am] joeytsa : not much
flashing across my scanners either [07:38
am] regatta : watching CHMT [07:41
am] joeytsa : ALXN over $90 [07:42
am] skydiver : CRM has been a slow
climb this morning [07:43 am]
joeytsa : slight pullback in crude
after nice run [07:48 am] joeytsa :
AAPL lod [07:50 am] joeytsa :
🙂 [07:50 am] skydiver :
🙂 [07:52 am] elisha : Let us know
if it says anything else…. [07:52 am]
joeytsa : break time, see you all in an
hour or so [07:52 am] joeytsa :
definately Mitch [07:53 am] skydiver
: yep, you are correct [07:53 am]
taco : yes [07:53 am] joeytsa
: haha [07:53 am] skydiver : have a
good break joey [07:53 am] elisha :
Thanks – you’re giving me lots to look
forward to [07:59 am] sman :
YPF [08:06 am] sman : GPOR [08:11
am] qwert : SINA at lod [08:26 am]
reshef : prgo [08:26 am]
reshef : PRGO [08:30 am]
reshef : BBY [08:42 am] qwert
: SLB nice thx Ed [08:44 am] Ed : glad u
got it, i know i put up chart but cant recall
if I alerted [08:45 am] qwert : not
sure but saw the chart and liked it
:)) [08:45 am] qwert :
MDVN [08:59 am] joeytsa : real nice
bounce on AAPL [08:59 am] Ed : big
time [09:01 am] joeytsa : oil rig
explodes in gulf of mexico [09:03 am]
joeytsa : rig owned by Black Elk
Energy..2 dead, 2 missing [09:03 am]
taco : ticker symbol? [09:06 am]
joeytsa : not sure taco [09:06 am]
joeytsa : they might be
private [09:06 am] joeytsa : huge ES
move past 30 minutes..approx 17pts [09:07
am] joeytsa : ALXN now testing $91
res [09:08 am] reshef :
ALXN [09:09 am] joeytsa : GS
approaching yesterday high, on a nice $2
run [09:09 am] qwert : Apple are you
in here today [09:12 am] joeytsa :
qwert: are you on Lightspeed 8.0 ? [09:13
am] joeytsa : nice trading Ed [09:13
am] Ed : did not expect tht kind of
bounce [09:13 am] Ed : thx [09:13 am]
qwert : yes 8.0.20.0-64 [09:13 am]
joeytsa : i guess @ $505 AAPL is a
great company 😉 [09:13 am] Ed : i
concur [09:14 am] joeytsa : cool
qwert, have you tried the new option
OE? [09:14 am] qwert : no what is
that [09:14 am] joeytsa : i dont
have options with them, you can do all sorts
of option strategy entries now [09:15 am]
qwert : i dont have options with them
either [09:15 am] Ed : thats what i
forgot, meant to buy some options on
AAPL [09:15 am] joeytsa : yeah, they
probably moved really well Ed [09:15 am]
joeytsa : weeklys were probably not too
expensive i would assume [09:16 am]
qwert : the 500 calls from next week
doubled 6 to 12 [09:16 am] joeytsa :
actually, i think no weeklys probably since
this is the 3rd fri?? [09:17 am] Ed : no u
tell me qwert, and I thought 15 points
was good [09:17 am] Ed : no=now [09:18
am] joeytsa : give me 15pts any time
🙂 [09:18 am] joeytsa : AAPL
1min tri top here [09:18 am] Ed : 15points
x 1 share = i can almost eat at
arby’s [09:19 am] joeytsa : yeah esp
now that dennys is adding 5% to bill to cover
0bamacare [09:19 am] Ed : sure many places
will follow [09:20 am] joeytsa :
things just might get really ugly…but like
Mitch mentioned in the DSR, there will be
some great buying opps coming [09:20 am]
joeytsa : just like some great shorting
opps recently [09:20 am] Ed : DSR is
really nice guy [09:21 am] joeytsa :
yeah, that Mitch guy seems nice [09:21 am]
joeytsa : he should try trading for a
living 🙂 [09:21 am] joeytsa : AMZN
dbl top here [09:21 am] joeytsa : @
hod [09:25 am] joeytsa : Ed: was
there news that made the ES/SPY
jump? [09:25 am] Ed : they said the
dems/repubs had really nice meeting [09:26
am] qwert : i think it was positive
talk out of D.C. [09:26 am] Ed : that
means they opened a bottle during
lunch [09:26 am] joeytsa :
thanks haha [09:26 am] qwert :
hahaha boones farm strawberry
hill [09:26 am] Ed : they say Pelosi likes
to drink and Boehner [09:27 am]
joeytsa : they both look like
drinkers [09:27 am] Ed : they give new
meaning to the word Pro [09:27 am]
qwert : thats what i thought
joey [09:27 am] joeytsa : the
opposite of CONgress…PROgress
🙂 [09:27 am] Ed : its true [09:29 am]
joeytsa : looks like things are heating
up in israel/gaza also [09:29 am] Ed :
yep [09:30 am] joeytsa : not sure i
want to hold anything over the
weekend [09:30 am] reshef :
CHMT [09:30 am] joeytsa : in
tradestation, is there a way to set it
to close all orders out automatically on
close? [09:31 am] Ed : Im sure there is,
but I have never used it [09:31 am]
joeytsa : thanks, i have my ninja
set to do that..just in case i
forget [09:31 am] Ed : I saw it like 1
year ago, but forget where [09:32 am]
joeytsa : i will do a chat with both TS
and LS to make sure i get those set up..will
let you know [09:32 am] Ed :
cool [09:32 am] qwert : Ed are you
short NSM [09:33 am] Ed : no, forgot about
the stock [09:33 am] joeytsa : 25pt
run on AAPL [09:35 am] sman :
CRUS [09:36 am] joeytsa : nice
sman [09:39 am] Ed : at 1st glance thought
it was 4 point move [09:39 am]
reshef : CHMT `3 TOP [09:39 am]
joeytsa : OSIS looks a bit
tired [09:39 am] joeytsa : not
impressed with the action though [09:48
am] joeytsa : crazy vol in AAPL
today [09:56 am] joeytsa : REGN on a
3pt pullback, just watching [09:58 am]
qwert : Watching BZH [10:02 am]
joeytsa : AAPL using $525 as
support? [10:03 am] joeytsa : major
banks cutting 160K jobs overseas with more to
come [10:09 am] Ed : feels like a
holiday [10:09 am] joeytsa : yeah,
got real slow [10:10 am] joeytsa :
any thoughts on mon-weds action? [10:10
am] joeytsa : mon decent maybe and weds
slow after 1st hour? [10:12 am] eyes
: NSM alert [10:13 am] eyes : sorry
the move looked real big on my
chart [10:13 am] taco : nice call
CRUS sman [10:20 am] joeytsa : AMRN
50cent spike down [10:21 am] joeytsa
: ES testing pp support [10:24 am]
joeytsa : nice quick trade right b4
lunch 🙂 [10:24 am] joeytsa : see
you all in 30 [10:25 am] apple :
hey, everyone, i have been in an options
class for the past 2 days. how is
everybody? [10:25 am] qwert : hi
apple [10:25 am] apple : hey
qwert [10:27 am] taco : hi aple,
doing good [10:30 am] elisha : hi
apple [10:31 am] apple : today was
my best trading day ever! [10:31 am]
apple : hi elisha [10:31 am]
apple : hi taco [10:31 am]
eyes : way to go apple [10:32 am]
shark : congrats apple! 🙂 [10:32
am] elisha : you mean it was your best
so far – better yet to come [10:34 am]
apple : from your lips [10:35 am]
elisha : ” ) [10:35 am] taco
: awesome apple, what’s the secret? [10:36
am] apple : options [10:36 am]
shark : 😉 [10:43 am] victor51
: Apple, nice. No wonder we did not hear from
you for a while. Do you trade spread or just
calls [10:44 am] apple :
both [10:44 am] apple : and puts as
well [10:44 am] qwert : way to go
apple [10:48 am] apple :
thx [10:53 am] Ed : slower than molasses
in winter time [10:54 am] cowboyh :
slower than herd of turtles [10:54 am]
shark : lol [10:56 am] qwert :
KORS at double top [10:57 am] eyes :
Have a good Weekend everyone [10:57 am]
taco : take care eyes [10:57 am]
qwert : cya eyes [11:00 am]
joeytsa : i see i didnt miss too
much [11:04 am] qwert : look at SRV
chart low volume [11:05 am] joeytsa
: looks like the ES made a real nice 61% fib
retracement today based off the 1262 -1468
levels [11:05 am] joeytsa : might
hear about that over the weekend from
traders [11:06 am] joeytsa : BBY
spike [11:06 am] apple : back to
class, all have a fabulous weekend. [11:06
am] joeytsa : bye apple [11:06 am]
qwert : bye apple [11:19 am]
joeytsa : 5pt pullback on
AAPL [11:23 am] qwert : anyone who
uses ninja charts under data series , session
template do you know the difference between
us equities RTH and us equities ETH [11:23
am] Ed : im think regular trade hours and
extended [11:23 am] joeytsa :
correct Ed [11:24 am] skydiver :
thnx for the question qwert, now I know the
answer 🙂 [11:24 am] Ed : i get 2
points [11:24 am] joeytsa : and a
gong 🙂 [11:24 am] skydiver :
🙂 [11:24 am] Ed : 🙂 [11:24 am] Mitch
K: the CHinese Emporer has arrived, please
rise [11:24 am] Ed : lol [11:24 am]
joeytsa : Mitch the King
🙂 [11:24 am] skydiver : we’re
standing 🙂 [11:25 am] Mitch K: ok, be
seated, resume scanning [11:25 am]
skydiver : 🙂 [11:26 am] qwert
: I have side by side chart 1 min of vhc up 1
each way on the eth chart only have data
until 11:10 on the other one 11:17 [11:27
am] qwert : if i put in a different
symbol get current data [11:27 am] Ed :
never had that issue b4 [11:27 am]
qwert : i think it has something to do
with VHC [11:28 am] joeytsa :
weird [11:28 am] Ed : vol on VHC is
extremely light [11:29 am] joeytsa :
AAPL still using $525 [11:40 am]
joeytsa : ES lost the pp, looking to
test it as res now [11:41 am]
skydiver : went L on TNA [11:42 am]
skydiver : L TNA 47.72 – out at
47.87 [11:43 am] sman :
COH [11:44 am] skydiver : nice
sman [11:48 am] skydiver : short COH
54.59 – covered 54.43 [11:49 am]
skydiver : making small profits, but .
. . [11:49 am] joeytsa : nothign
wrong with that [11:50 am] skydiver
: monitoring KORS [11:50 am]
skydiver : thnx joey 🙂 [11:57 am]
joeytsa : 5pt run on the ES, pushed
thru the pp, and now testing it as
support [12:00 pm] joeytsa : AAPL
back into that $525 area [12:02 pm]
joeytsa : its amazing how listening to
different music makes me trade
differently [12:03 pm] qwert : i
like my motown 🙂 [12:03 pm]
joeytsa : try switching it up each day,
see how it affects you [12:04 pm]
qwert : i have i was listening to
classic rock but i trade better with the
motown [12:05 pm] joeytsa :
nice [12:05 pm] qwert : also
yesterday michael buble christmas [12:05
pm] joeytsa : nice cd, im listening to
Christmas music now 🙂 [12:05 pm]
qwert : got tired of that kind of fast
though not really ready for
Christmas [12:06 pm] joeytsa : yeah,
same here [12:07 pm] skydiver : EBAY
– anti-trust lawsuit against Ebay by US –
files in California Couirt [12:07 pm]
joeytsa : UPS raising rates next
week [12:07 pm] joeytsa : next year
i mean [12:07 pm] joeytsa : thx for
the ebay news [12:08 pm] qwert :
gonna try and get one of those tvs from
bestbuy 40″ for 179.00 [12:08 pm]
qwert : Watching RIMM [12:08 pm]
joeytsa : i looked, didnt see
them [12:08 pm] skydiver : thnx
qwert for RIMM [12:08 pm] qwert :
they are going to have them here [12:09
pm] joeytsa : i looked online..got a
Kmart flier in the mail yesterday, really
great sales on tvs [12:28 pm] elisha
: Ed, do you have exceptions to the 1% rule
or is it inviolate? [12:29 pm] Ed : 1%
rule? [12:29 pm] elisha : where you
take off profit when your trade gets to
1% [12:30 pm] Ed : i dont use %, was using
that as example, I take off at 1st area of
potential support/resistance [12:31 pm] Ed
: but many times when I look it happens to be
.8% to 1.1% [12:31 pm] elisha :
right, i’ve noticed that. So is that
practice without exceptions or not? [12:31
pm] Ed : i think that day i was referring to
someone who allowd the stock to give 1% and
it move back to breakeven [12:32 pm] Ed :
yes thats my rule, I use areas of
support/resistance as guide to
sell/buy [12:33 pm] joeytsa : thanks
Mitch,Ed, everyone..have a great weekend, see
you all on monday 🙂 [12:33 pm] Ed : c ya
joey [12:33 pm] qwert : bye
joey [12:33 pm] skydiver : take care
joey – enjoy the week-end [12:33 pm]
taco : have a good one [12:33 pm]
elisha : thanks Ed [12:33 pm]
elisha : bye joey [12:46 pm]
sman : c u monday, have a great
weekend! [12:47 pm] Ed : c ua
sman [12:53 pm] victor51 : Bye
Mitch, Ed and all traders [12:53 pm] Ed :
c ya vic [12:54 pm] taco : i’m out
too. thanks Mitch, Ed and all, have a great
wknd [12:54 pm] Ed : c ya taco [12:55
pm] elisha : its a stampede – i’m
leaving too. Have a wonderful weekend
all [12:55 pm] Ed : c ya elisha [12:56
pm] elisha : forgot to say thanks –
Thank you [12:56 pm] cowboyh :
Everyone have a great weekend see
ya [12:57 pm] qwert : cya
cowboy [12:57 pm] qwert : bye Ed
have a great weekend [12:58 pm]
skydiver : great week-end to all — see
you Monday
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