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U need to have patience with this stock, take a look at my long-term and daily chart posting, but of course, I may be right or wrong, so dyodd n BOSAYOR.
keepnosecrets ( Date: 15-Oct-2009 12:02) Posted:
After I bought, all my avg px around 0.87, this bugger refuses to let me make more than $10 profit! Just want to tie my capital. NNA!! |
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As I had mentioned b4, u have to look at the whole picture in perspective, it had aredi run-up since 5/10, and yesterday was up 3 cts, so some profit-taking n consolidation is healthy n not un-expected.
Take a look at my chart posting, it had aredi broke above the bullish flag continuation pattern n could be testing the broken resistance as support.
But still dyodd n BOSAYOR and set your own stop-loss, as nothing is guaranteed.
JJSeng ( Date: 15-Oct-2009 11:21) Posted:
Ya..but this morning total trade summary show more sell then buy. Total sell down 9965 lots Vs buy up 5245 lots.
yiewkhong ( Date: 15-Oct-2009 10:31) Posted:
Yesterday whole day volume traded was 18,846,000.
As at 10.29am today, volume traded was 13,324,00.
It is going to be veri interesting today
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HUAT AH!!!
Yesterday closed with a last minute heavy buying up of 1151 lots at 0.735:
tankuku ( Date: 15-Oct-2009 09:44) Posted:
Heavy buying interest by BB. Will cross $0.8 soon.
Keep a look out and vest with good luck. |
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Ooops, sorry, I posted his article "The Dow Will Hit 10,000 in 2009" in "DOW" thread, not "DOW and STI"
richtan ( Date: 15-Oct-2009 09:15) Posted:
Read the below post by Mark Skousen (he also forecast DOW hitting 10,000 way back in March which now materialised, read my post on his article in DOW and STI thread) on why TA is valuable rather than empty vessels noises, claiming this and tat.
How to Grab Significant Short-Term Profits From Technical Trading
by Mark Skousen, Advisory Panelist
Highlights in this issue:
- Why you should add a few technical tools to your investment arsenal.
- How to gauge investor sentiment, "tech-style."
- These two effective technical indicators point to three investments.
Dear Investment U Reader,
"The overwhelming majority of economic theories, market forecasts, trading strategies, investment systems, hot tips and sure-fire speculations never pan out." ~ Alexander Green
In the August 14 Investment U issue - "Why Most Investment Systems Simply Don't Work" - Alexander Green urged you to stick with the tried-and-true method of fundamental analysis.
He did so using this mantra: "There is only one thing that dictates where a stock will go: earnings."
I agree that earnings are the ultimate determinant of stock prices in the long run. But that's not the only way to gauge where a stock is headed next.
I firmly believe that technical analysis - volume, trading patterns and historical trends - can enhance your returns tremendously and can keep you out of trouble in many cases. Here's why...
How an Earnings-Based Investment Model Crippled Bank of America Buyers
The problem with taking a straight earnings approach to investing is that stock prices aren't determined by current or past earnings, but by future earnings in relation to the current price.
Throughout the past decade, for example, earnings looked great for Bank of America (NYSE: BAC). In June 2008, it earned a record $3 billion. You'd have made a bundle of money investing in BAC during the new millennium. Factoring in rising dividends, stock splits and share price appreciation, you'd have tripled your money.
But over the next year, Bank of America's earnings plummeted, and by the end of 2008 it had lost $2.3 billion. The stock followed, collapsing from $50 to under $3 a share, wiping out all of the previous eight years' worth of profits (although the stock has since rebounded to $17 a share).
By time the bank announced a sharp drop in earnings, the price was way down - and investors who bought based on earnings had lost their shirts.
So how does one anticipate an earnings collapse like that?
Use Technical Analysis to Prevent Pain - And Profit
Needless to say, sound economic analysis doesn't hurt. Many economists (including our own Alex Green) predicted a real estate collapse and the subsequent financial trouble.
But using technical and historical trend analysis can also prove extremely helpful in improving your investment results.
For example, many technical analysts have fared extremely well over the past decade (and more), using chart patterns, volume and historical trends. And investors like Bert Dohmen, Jim Dines and Dennis Slothower profited from major trends in commodities, stocks and foreign currency, while avoiding most of the financial crises in 2008, because they used an advanced version of technical analysis.
Here are two other simple tools that have proven very effective...
- The 200-Day Moving Average: Developed by Doug Fabian and his father Dick, this system has worked well for over 40 years, with only a few whipsaws. It was effective in both keeping investors out of the market during 2008 and getting them back into the market now.
- The New Highs/New Lows Index: This divides the number of stocks hitting new highs each day by the number of stocks hitting new lows. I've illustrated this on the red line in the chart below and it has worked especially well over the years.
If you used these two technical tools together, you'd have got out the stock market in October 2007 and not re-entered until April this year - without being whipsawed back into the market. Not bad.
Chart: http://www.investmentu.com/images/iu082709chart.gif
Gauging Investor Sentiment... Tech-Style
Put simply, technical analysis isn't a crystal ball, but it's a good way to measure the psychology of the market.
When new highs and new lows are at all-time highs, it suggests a strong bullish trend. Conversely, if the indicator is at an all-time low, it signals incredible pessimism.
The new highs/new lows indicator gave a sell signal in October 2007 and a buy signal in April 2009 it's still bullish.
According to the chart, the market is headed higher, so investors should consider several choices...
- Buy an ETF (exchange-traded fund) such as SPDRs (NYSE: SPY), which tracks the price and yield performance of the S&P 500 index.
- Buy a five-star, no-load mutual fund such as the Janus Triton Fund (JATTX).
- Buy individual stocks, such as Bank of America (NYSE: BAC).
Of course, technical traders use a variety of ratios, indicators and charting patterns to make their buying and selling decisions. Their systems are never perfect because human action is not always predictable, but human behavior and the herd instincts are sometimes quite apparent and experienced traders can make a great deal of money and avoid the worst of bear markets.
Good trading - AEIOU,
Mark Skousen
risktaker ( Date: 14-Oct-2009 19:26) Posted:
if u listen ur making $$ already and when i say it will fall did it fall ? Sell High Buy Low thats what you want. That's the most important. WOW that must be hard :P Posting and drawing lines which anyone can do it lol. Go Check Dow thread what did i say about STI today, and I did hint again and again.
Sigh... like i say average trader will never understand people like us. Anyway Huat la ah.
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Read the below post by Mark Skousen (he also forecast DOW hitting 10,000 way back in March which now materialised, read my post on his article in DOW and STI thread) on why TA is valuable rather than empty vessels noises, claiming this and tat.
How to Grab Significant Short-Term Profits From Technical Trading
by Mark Skousen, Advisory Panelist
Highlights in this issue:
- Why you should add a few technical tools to your investment arsenal.
- How to gauge investor sentiment, "tech-style."
- These two effective technical indicators point to three investments.
Dear Investment U Reader,
"The overwhelming majority of economic theories, market forecasts, trading strategies, investment systems, hot tips and sure-fire speculations never pan out." ~ Alexander Green
In the August 14 Investment U issue - "Why Most Investment Systems Simply Don't Work" - Alexander Green urged you to stick with the tried-and-true method of fundamental analysis.
He did so using this mantra: "There is only one thing that dictates where a stock will go: earnings."
I agree that earnings are the ultimate determinant of stock prices in the long run. But that's not the only way to gauge where a stock is headed next.
I firmly believe that technical analysis - volume, trading patterns and historical trends - can enhance your returns tremendously and can keep you out of trouble in many cases. Here's why...
How an Earnings-Based Investment Model Crippled Bank of America Buyers
The problem with taking a straight earnings approach to investing is that stock prices aren't determined by current or past earnings, but by future earnings in relation to the current price.
Throughout the past decade, for example, earnings looked great for Bank of America (NYSE: BAC). In June 2008, it earned a record $3 billion. You'd have made a bundle of money investing in BAC during the new millennium. Factoring in rising dividends, stock splits and share price appreciation, you'd have tripled your money.
But over the next year, Bank of America's earnings plummeted, and by the end of 2008 it had lost $2.3 billion. The stock followed, collapsing from $50 to under $3 a share, wiping out all of the previous eight years' worth of profits (although the stock has since rebounded to $17 a share).
By time the bank announced a sharp drop in earnings, the price was way down - and investors who bought based on earnings had lost their shirts.
So how does one anticipate an earnings collapse like that?
Use Technical Analysis to Prevent Pain - And Profit
Needless to say, sound economic analysis doesn't hurt. Many economists (including our own Alex Green) predicted a real estate collapse and the subsequent financial trouble.
But using technical and historical trend analysis can also prove extremely helpful in improving your investment results.
For example, many technical analysts have fared extremely well over the past decade (and more), using chart patterns, volume and historical trends. And investors like Bert Dohmen, Jim Dines and Dennis Slothower profited from major trends in commodities, stocks and foreign currency, while avoiding most of the financial crises in 2008, because they used an advanced version of technical analysis.
Here are two other simple tools that have proven very effective...
- The 200-Day Moving Average: Developed by Doug Fabian and his father Dick, this system has worked well for over 40 years, with only a few whipsaws. It was effective in both keeping investors out of the market during 2008 and getting them back into the market now.
- The New Highs/New Lows Index: This divides the number of stocks hitting new highs each day by the number of stocks hitting new lows. I've illustrated this on the red line in the chart below and it has worked especially well over the years.
If you used these two technical tools together, you'd have got out the stock market in October 2007 and not re-entered until April this year - without being whipsawed back into the market. Not bad.
Chart: http://www.investmentu.com/images/iu082709chart.gif
Gauging Investor Sentiment... Tech-Style
Put simply, technical analysis isn't a crystal ball, but it's a good way to measure the psychology of the market.
When new highs and new lows are at all-time highs, it suggests a strong bullish trend. Conversely, if the indicator is at an all-time low, it signals incredible pessimism.
The new highs/new lows indicator gave a sell signal in October 2007 and a buy signal in April 2009 it's still bullish.
According to the chart, the market is headed higher, so investors should consider several choices...
- Buy an ETF (exchange-traded fund) such as SPDRs (NYSE: SPY), which tracks the price and yield performance of the S&P 500 index.
- Buy a five-star, no-load mutual fund such as the Janus Triton Fund (JATTX).
- Buy individual stocks, such as Bank of America (NYSE: BAC).
Of course, technical traders use a variety of ratios, indicators and charting patterns to make their buying and selling decisions. Their systems are never perfect because human action is not always predictable, but human behavior and the herd instincts are sometimes quite apparent and experienced traders can make a great deal of money and avoid the worst of bear markets.
Good trading - AEIOU,
Mark Skousen
risktaker ( Date: 14-Oct-2009 19:26) Posted:
if u listen ur making $$ already and when i say it will fall did it fall ? Sell High Buy Low thats what you want. That's the most important. WOW that must be hard :P Posting and drawing lines which anyone can do it lol. Go Check Dow thread what did i say about STI today, and I did hint again and again.
Sigh... like i say average trader will never understand people like us. Anyway Huat la ah.
risktaker ( Date: 14-Oct-2009 11:21) Posted:
later u will see midas cheong :) |
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richtan ( Date: 15-Oct-2009 00:02) Posted:
Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Still remember my this post way back in July, materialised:
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The Dow Will Hit 10,000 in 2009
by Dr. Mark Skousen, Advisory Panelist
- Three reasons why the Dow is going up.
- Insights from Jeremy Siegel.
- Why the Dow 10,000 in 2009 isn't crazy.
Dear Investment U Reader,
Wall Street has been debating the huge run-up in the Dow Jones Industrial Average.
Was March the beginning of a huge rally that will take the market to new highs? Have we witnessed the proverbial "dead-cat bounce?" The prognosticators have been unsure, uncertain and uncommittal about what they see coming next...
So let me make it clear where I stand: We are in the beginning of a new bull market that will carry us to 10,000 on the Dow by year's-end - and new highs within a couple of years.
Yes, the recovery will be volatile. But now is the time to buy, despite the big run up.
No doubt there's plenty of bad news out there - rising unemployment with no end in sight, threatened tax increases on capital gains and dividends, anemic corporate profits, commercial real-estate insolvency, federal deficits, continued threats from the Middle East and Afghanistan, the specter of inflation and high interest rates among others...
This list goes on and on. But as the old saying goes, "Wall Street climbs a wall of worry."
It's all for naught - and I encourage you to look past these sideshows and distractions. I'm convinced the stock market is headed higher - a lot higher. I'll share my reasoning and tell you why Jeremy Siegel feels the same way.
Three Reasons the Dow is Going Up
Over the past few months, three things have been sticking out to me like huge blinking aircraft landing signals. Here's why we're going to keep moving up..
- The Fed. Bernanke and the Federal Reserve are pulling out all the stops to stimulate the economy. Since September 2008, the money supply (M2) has been growing at an incredible 13% rate, one of the highest in the post-World War II period.
As Milton Friedman has demonstrated time and time again, after a lag of between six and nine months an easy money policy will cause a sharp recovery in the economy and stocks. Economists call it the "Friedman Effect."
- Mortgage support. The Obama administration has been working hard at bailing out all the unstable banks, bad mortgages and bad assets in the economy through massive deficit spending. Essentially, the government policy is putting a floor under the residential real estate market, which will keep it from collapsing any further.
- History sides with the bulls. Last month, I had dinner with Jeremy Siegel, professor of economics at the Wharton School and author of the bestseller "Stocks for the Long Run." He is a firm believer in looking at historical trends, something that many investors and Wall Street analysts have forgotten. And right now, the trend favors the bulls.
Well, guess what? The lag is over, and the "Friedman Effect" is taking full effect. We can expect higher stock prices and a recovery in the economy by year-end. And as a result of the administration's efforts, housing sales are on the rise and real estate prices are stabilizing.
It's why I'm so interested in real estate lately. Take a look at may last column, "Real Estate: The Buy of the Century."
http://www.investmentu.com/IUEL/2009/April/buying-real-estate.html
Adding more fuel to my position, when I sat down with Wharton's Wizard he showed me an interesting long-term chart of the S&P 500 Index.
The Wizard of Wharton's Long-Term Outlook
You'll note that every time the market hit the bottom of his long-term chart, it rallied - sharply. And that's exactly where it was in late February when I met with Professor Siegel - at the bottom.
Sure enough, in early March Wall Street rallied - and it hasn't looked back. It's now up 30% from its lows. Between you and me, he called the exact bottom of the stock market within weeks. (Of course, so did a few of our analysts as well.)
How far up can it go? I asked this precise question to Professor Siegel last month.
He told me that he has just completed a study of how well stocks do after a major crash like the one we just experienced (falling 50% from its highs). His conclusion was pretty striking: After a major bear market, stocks on average rebound 24% the first year of recovery. And just as nice, the average annual return over the next five years is 18%.
Since the Dow was around 8,300 at the first of the year, it could climb back to 10,000 by year-end. (And 18,000 by 2013.) We could comfortably hit these numbers with an additional 19% gain.
Although many believe the "easy money" has been made - and they may be right - the market will still offer plenty of profitable opportunities in the coming months. It'll be volatile, but it's certainly not too late to get aboard.
Good investing,
Mark
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Below is my long term chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Bad Post
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Below is my long term chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Bad Post
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Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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handon ( Date: 14-Oct-2009 22:21) Posted:
dun comment on the post... u r not qualified at all.... u are one of the most lousiest trader on earth.... hehe.... |
risktaker ( Date: 14-Oct-2009 19:26) Posted:
if u listen ur making $$ already and when i say it will fall did it fall ? Sell High Buy Low thats what you want. That's the most important. WOW that must be hard :P Posting and drawing lines which anyone can do it lol. Go Check Dow thread what did i say about STI today, and I did hint again and again.
Sigh... like i say average trader will never understand people like us. Anyway Huat la ah.
risktaker ( Date: 14-Oct-2009 11:21) Posted:
later u will see midas cheong :) |
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handon ( Date: 14-Oct-2009 22:21) Posted:
dun comment on the post... u r not qualified at all.... u are one of the most lousiest trader on earth.... hehe....
risktaker ( Date: 14-Oct-2009 21:49) Posted:
See the Funds will push how far up tonight. I strongly believed it will cross 10,000 :) They are mega rich hahaha |
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Be a man (oops, maybe u are not a man, a lady) or lady of honour and integrity to gain ppl's respect
richtan ( Date: 14-Oct-2009 12:23) Posted:
Hello,
Where is your integrity, man, u mentioned u will not comment anymore on Midas n now u eat your own words n back here again to comments, see your earlier post below:
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dont worry will never comment on this midas ever. bye |
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risktaker ( Date: 14-Oct-2009 19:26) Posted:
if u listen ur making $$ already and when i say it will fall did it fall ? Sell High Buy Low thats what you want. That's the most important. WOW that must be hard :P Posting and drawing lines which anyone can do it lol. Go Check Dow thread what did i say about STI today, and I did hint again and again.
Sigh... like i say average trader will never understand people like us. Anyway Huat la ah.
risktaker ( Date: 14-Oct-2009 11:21) Posted:
later u will see midas cheong :) |
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Hi frnrf2004,
I m a perfectionist by character n enjoys trimming wild weeds.
Good luck n cheers, lets HUAT together.
frnrf2004 ( Date: 14-Oct-2009 17:32) Posted:
Hi richtan jus ignore him. u should know i,m referring. good luck & cheers
Bintang ( Date: 14-Oct-2009 17:26) Posted:
Yes , I fully agreed . Mr. richtan , do not bother by nuisance comments , u have done a great job which we have witnessed . |
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Hi Bintang,
U too have done a great job sharing.
I enjoy trimming wild weeds.
It is good to trim those weeds from the carpet grass whenever it appears in order to keep it spotless.
Bintang ( Date: 14-Oct-2009 17:26) Posted:
Yes , I fully agreed . Mr. richtan , do not bother by nuisance comments , u have done a great job which we have witnessed .
niuyear ( Date: 14-Oct-2009 15:50) Posted:
richtan, dont foul your hands in replying posts that dont mean anything to you. Your efforts and advice to newbiew to learn TA is a great contribution to this Forum. Cheers |
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Oh yes, I have been holding my stocks, waiting for the STI bullish ascending triangle continuation pattern breakout, waiting till my neck longer than a giraffe liow for STI to kiss goodbye Miss 2700.
Hope u too still holding to your stocks.
As always, my advice, dun be too eager-beaver to take small profits after waiting for such a long time, let profit runs with trailing stops.
Lets HUAT together....
Peg_li ( Date: 14-Oct-2009 17:03) Posted:
Tomorrow STI will go to 2750, next target is 2800!
You still hold some stocks and never clear, right? congratulations!
richtan ( Date: 14-Oct-2009 16:40) Posted:
Wow!! Mr STI very romantic ler, so sentimental with Miss 2700, keep kissing, let go, kissing, let go, not willing to say bye-bye, sayor nara to her. |
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Ole....Ole...Ole... Mr STI finally kissed goodbye to Miss 2700 and even swallowed her up.
Hope, moving forward to flirt with a new Miss 2800, not old flame Mdm 2600, good horse dun eat return grass.
miketeo3 ( Date: 14-Oct-2009 17:22) Posted:
Finally yah, goodbye Miss2700, that were the long kinss goodbye,.. wait until i drop,...
Tonight, DOW will cheong toward 10000,.. then our RALLY begin for STI. |
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HUAT AH!!!
Closed with a last minute heavy buying up of 1151 lots at 0.735:
DAY HIGH : 0.735 |
NET CHANGE : 0.030 |
TOTAL VALUE : 13,604,350 |
DAY LOW : 0.705 |
LAST DONE : 0.735 |
VOLUME : 18,846 |
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