Friday, February 26, 2010

Portfolio Update

CPLPL had a bearish day on less than average volume. The price movement was narrow but the low was higher than the previous day's. The result was the Stochastic and MACD indicators still going down, but maintaining a shallow decline. I think it may continue to go up a little more.

EVEP had a bullish day on less than average volume. The price movement was also bullish and resulted in Stochastic and MACD indicators still moving up. I am bullish this stock still.

SLV had a bullish day on less than average volume. The price movement was also bullish after a gap up and resulted in the Stochastic and MACD indicators turning up more. The high on this price movement out did the high of last Friday suggesting that further gains are possible. I am still bullish this move.

My paper trades saw a mixture. S had a bullish day and my call options followed suit. As a result some of the loss on it has been returned, but much is left to regain. ISPH had a bearish day after starting up a little bit. Although the low was higher, there is not enough to determine that this may be a change of direction. My sold call options against it are in good standing still. That is my opinion, you can take it or leave it.

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Thursday, February 25, 2010

Portfolio Update

CPLP had a slightly bullish day after a bearish open on less than average volume. The price movement was small and not enough to turn the Stochastic and MACD indicator back up. Further decline is more likely.

EVEP had a bullish day on below average volume. The price movement was fairly average and started under yesterday's close. This didn't affect the upward direction of the Stochastic and MACD indicators. My first instinct is that it is loosing strength and will be pulling back.

SLV had a very bullish day on below average volume. The price movement was very aggressive but only after starting well below the low of the past two trading days. The Stochastic and MACD indicators reacted positively to this by rising. I believe that if this is the next rally, it should go to about $16.50.

My paper trades saw a mixture of news. S had a positive day, as was anticipated, and as a result my call option on it rose a little bit. More days like this are required. ISPH, however, had another bearish day as was expected. Fortunately for me, that is a good thing in a small way since I am recorded the sale of call options against my paper position. That give me money in the pocket as long as it continues to go down as is being expected. That is my opinion, you can take it or leave it.

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Wednesday, February 24, 2010

Portfolio Update

CPLP had a bearish day on less than average volume. The price movement started higher but fell through the day. The Stochastic and MACD indicators are being dragged down as a result. I really want to sell an option against my stock but the next strike price is under the current price.

EVEP had a bullish day on less than average volume. The price movement started lower and climbed through the day. The Stochastic and MACD indicators continued to rise as a result. I think it is wise to hold on still.

SLV had a bullish day on less than average volume. The price movement started lower and climbed slightly through the day. The Stochastic indicator still slowed down a little, but the MACD stopped it's pull back and when sideways. The low of the day was higher than yesterday so this could be the end of a pull back and the return of the upward move.

As for my paper trades, all of the stocks I pulled out of yesterday attempted to recover today. Only OPWV did not succeed at making any gains. My call option on S is continuing to be a looser, but I am expecting a change to occur soon. And my stock of ISPH is looking like it will not be gaining back any more value. I am recording the sale of two call options against the position. That is my opinion, you can take it or leave it.

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Tuesday, February 23, 2010

Portfolio Update

CPLP had a bearish day on ten times average volume. It opened with a huge gap down but eventually closed slightly higher. The price movement caused the Stochastic indicator to slow down and the MACD to sharply turn down. Looking at the news, it appears the drop was based on CPLP liquidating the stock to make an acquisition of a medium range product tanker vessel. The fundamentals are still good, so far, so I am going to continue to hold. I would have like to sell an option against it the day before but my lack of attention towards the news is the cause of my failure.

EVEP had a bearish day on less than average volume. The price movement was small and just below the yesterday's meager price movement. The Stochastic indicator barely slowed down, but the MACD indicator is showing an obvious slow down. A small pull back seems most likely. Maybe as far as $29 or a little under.

SLV had a bearish day on less than average volume. The price movement was started off with a gap down and continued to slide a little more. There will probably be a little more pulling back but I don't think it will be pulling back a lot more.

As for my paper trades, there was a lot of red and as a result there is a lot of cutting off occurring as well. JADE had a bearish day and I am selling off all of my positions to take my $12 gain on the stock and $30 gain on the call option. JPM had a bearish day and I am selling off all of my positions to take my $4 gain on the stock and $20 loss on the call option. S also had a bearish day, but long term seems to have a good chance of regaining much of the loss back, I am holding on to the call option for a little while longer. I suspect I will sell it sometime next week. That is my opinion, you can take it or leave it.

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Monday, February 22, 2010

Portfolio Update

CPLP had a bullish day on less than average volume. The price movement was small between the open and close but occurred after a gap up. As a result, the Stochastic and MACD indicators are still pointing up strong. I have no reason to second guess it at this point. I am holding.

EVEP had a bullish day on less than average volume. The price movement was small all day and occurred after a gap up to the high put in last week Thursday from which it dropped. It also closed at about that level. This is a challenge of the most recent resistance level. Tomorrow is a determining day. At the same time the Stochastic and MACD indicators are still pointing up strong. I am bullish it will break through.

SLV had a bearish day on less than average volume. The price movement was not extraordinary. It consisted of a small gap up followed by a pull back to the closing levels of the trading day before. The Stochastic and MACD indicators are showing signs of weakness. There seems to be a very slight bend occurring. I am not too pleased by this. There maybe another pull back occurring.

As for my paper trades, there is more green than red. The only ones red are the PCS stock and S call option. Considering that I have back my principle on PCS and a little profit, plus profit on the call option, and the Stochastic is in the overbought range and the MACD is already starting to turn sideways after just recently breaking above the zero line, I think now is a good time just to sell out of both of them. Getting into the S call option may not have worked out as well as I was hoping. I will wait another day before I decide. In other news, OPWV was flat today, and although there is no weakness in Stochastic the MACD is showing a solid decline in it's upward movement. I think I will take the profit I have in it now. That is my opinion, you can take it or leave it.

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Saturday, February 20, 2010

Paper Trade Evaluation and Changes

In my post yesterday I said that I would reveal what I was going to do with JADE, JPM, and OPWV later. This is later. But before I go on, I must mention a correction to my previous posts from February 13th to February 19th. In those posts I continued to mention a paper trade involving S after I had clearly stated in the February 12th post that I was closing that position. For that inaccuracy I apologies. However, considering the price movement of the past three days and the confirmation of the Stochastic and MACD indicators, I am opening an option position of 2 contract shares for S at the Friday asking price of 0.41.

Now, as for JADE, JPM and OPWV, I am going to hold on to them for another trading day. There just isn't enough confirmation about the direction of these stocks and the JADE and JPM options for me to make a prognostication about a change of direction. For instance, although this is JADE's second down day, it's actual price movement was bullish after it gaped down. This suggests to me that investors see the current price as a bargain. The last trading day for JPM and OPWV were bearish but only after putting in new highs for this current leg of trading. Over all, there is no confirmation of a turn down just yet, so I will wait until after Monday. By then I should have a better idea. That is my opinion, you can take it or leave it.

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Friday, February 19, 2010

Portfolio Update

CPLP had a bullish day on less than average volume. The price movement was relatively small after a gap up. This resulted in the Stochastic and MACD indicators to continuing to move upward. Currently the MACD is just about to cross back over the zero line. I think there is currently plenty of upside left to go. Possibly to to $10.

EVEP had a bullish day on less than average volume. The price movement was relatively small and occurred after a bearish day. With a high that is lower than that of the previous day, this suggests a possible turn around to the down side. As a result, the Stochastic indicator has started to weaken while the MACD remains relatively strong still. An additional day or two is needed to confirm the direction it will take.

SLV had a bullish day on less than average volume. The price movement was relatively small and enveloped the price movement of the previous day. With a higher-high there is a good chance that it will keep going up, and as a result the Stochastic and MACD indicators are continuing to climb. I am remaining patient.

My paper trades were a mixed bag today. JADE, JPM, and OPWV have weakened while PCS, S and ISPH all had a bullish day. Later I will decide what I should do with JADE, JPM, and OPWV. That is my opinion, you can take it or leave it.

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Thursday, February 18, 2010

Portfolio Update

CPLP had a bullish day on less than average volume. The price movement was positive at the open and slightly more-so at the close. This added momentum behind the Stochastic and MACD indicators, reinforcing their upward direction. I am bullish this stock.

EVEP had a bearish day on less than average volume, after opening up bullish. The price movement didn't wipe out all of yesterday's gains so the Stochastic and MACD indicators only lost a little of their momentum. I am sceptical about this stock. Today may only be a hiccup.

SLV had a bullish day on less than average volume. The price movement was small and the high of the day was under the high of yesterday. But none of this seems to have been bad enough to alter the direction of the Stochastic and MACD indicators. This may be a stall out or just a stutter step.

My paper trades were more green today again, but with a couple changes. Today, JADE was down while ISPH was up. JADE's change in direction seems to be a technical reaction as it approaches a declining resistance line. Fundamentally the stock is still good. ISPH had a good day, but it is now at a level that has seen a number of pull backs in the past year. I think it might repeat but there seems to be a lot of momentum behind it. I think I will watch for another day. That is my opinion, you can take it or leave it.

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Wednesday, February 17, 2010

Portfolio Update

CPLP had a bullish day on less than average volume. The price movement was wide enough to turn the Stochastic indicator back up after a dip. The MACD indicator was still pointing up, so I think the stock may be going back up from this point.

EVEP had a a bullish day on slighty better than average volume. The price movement was great enough to turn the stochastic indicator back up and through it's signal line. The MACD indicator was still moving up, so continued bullish activity is most likely.

SLV had a bearish day on less than average volume. The price movement was not as great as it was the day before and it was a decline after a initial gap up. The Stochastic and MACD indicators are still moving up, so continued bullish activity is still likely.

My paper trades saw more green than red today. The only ones that were down were the JPM call option and the JPM and ISPH stock. Their price movements were shallow and near the top of yesterday's price movement. As a result their Stochastic and MACD indicators continued to point up. My concern for S is still valid as its bullish price movement was narrow but was still near the top of the price movement of yesterday. I see it as a continuing sideways and unless there is a significant pop or drop soon. That is my opinion, you can take it or leave it.

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Tuesday, February 16, 2010

Portfolio Update

CPLP had a bearish day on less than average volume. The price movement had a lot of trading action below the open but made it back near to the open. The technical indicators are in disagreement with each other. The Stochastic indicator has already turned down below its signal line and the MACD indicator is holding above its signal line but showing weakness. I don't have confidence that it will be moving up in the near future, but I don't think it will be dropping below its lowest low this year-to-date.

EVEP had a bullish day on slightly better than average volume. The price movement was actually bearish as it lost cent after gaping up a little, but it filled the gap during the day. The technical indicators are suggesting that the price movement wasn't enough to disturb the current averaging. The Stochastic indicator, which had been on a decline, is starting to turn up and the MACD indicator is not pointing upward and is above its signal line. I think there is going to be some up-side gains for this stock in the near future if it starts to pick up some momentum.

SLV had a bullish day on slightly better than average volume. The price movement was strong enough that it broke through and stayed above resistance after a slight gap up. The Stochastic and MACD indicators are both pointing up strongly so I have an expectation of gains. I am looking for it to break above $16.50 before the end of this week and then to $17.50 by the end of next week.

As for my paper trades, most of them are looking much better. Only the JPM call option, S and ISPH stocks are in the red still. Out of those three, only S is looking sad. The price movement was slightly negative and the technical indicators continued to drop as the dive of last week gets averaged in. I need to be watching JADE, JPM, OPWV, and PCS so that I get out with as much of my shirt as possible this time. That is my opinion, you can take it or leave it.

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Friday, February 12, 2010

Portfolio Update

CPLP had a bearish day on less than average volume. The price movement was narrower than usual, but still had a long lower shadow. The result is that the Stochastic indicator started to drift down while the MACD indicator has continued to go up. It will probably stay between this and the most recent low.

EVEP had a bullish day on less than average volume. The price movement was identical to yesterday so as a result the Stochastic indicator is still drifting down, while the MACD indicator has turned up and is in contact with it's signal line. This looks like early October 2009 movement in this stock so it will probably continue to go up for a little while.

SLV had a bearish day on less than average volume, but the price movement was bullish. As a result the Stochastic and MACD indicators are both still pointing upward. I think this was a momentary stall in it's upward move.

As for my paper trades, there was a mixture in movement. JADE, OPWV, and PCS had a bullish day. However, JPM, S and ISPH had a bearish day. S had the bearish day of them all. It has even affected it's Stochastic and MACD indicators causing the Stochastic indicator turn down and the MACD to drop more. As a result I am closing this position with a loss of about 14%. That is my opinion, you can take it or leave it.

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Thursday, February 11, 2010

Portfolio Update

CPLP had a bullish day on lower than average volume. The price movement had a low almost as low as yesterday's but closed higher than yesterday's high. As a result the Stochastic indicator still continued down a little, but the MACD indicator turned back up. If tomorrow is a repeat of today, then all indicator should be bullish then. I believe they it will be.

EVEP had a bullish day on greater than average volume. The price movement was only enough to turn the MACD indicator so that it is pointing up towards it's signal line. However, the Stochastic indicator is still pointing down as it averages out the hard drop off of last week. I am believe it will continue on it's current upward move

SLV had a bullish day on below average volume. The price movement was strong enough to put momentum into the upward direction of the Stochastic and MACD indicators. This might be the turn I have been expecting. I am disappointed that I was a hole $1 early. I will just have to ride it out.

As for the paper trades, there was a lot more green movement, but still not a lot of profit made. JADE and PCS are still averaging sideways movement, and JPM seems to have joined the list for a little sideways travel. OPWV had the most bullish day as it attached a downward slopping line of resistance that is currently only 7 cents above it. S however was the only bearish mover as it gaped down below it's close of yesterday and dojied in the range between the close and low of yesterday. The Stochastic and MACD indicators make prognosticating the next day very improbable.

My JADE call option saw some selling off which was contradictory to the move of the underlying stock. My call option on PCS, however, was bullish just like the underlying stock. I need to still remain patient. That is my opinion, you can take it or leave it.

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Wednesday, February 10, 2010

Portfolio Update

CPLP had a bearish day on less than average volume. The price movement was wide causing the Stochastic indicator to stop moving up and the MACD indicator to move back down. With mixed signals I can only believe that the stock will go sideways.

EVEP had a bullish day on greater than average volume. The price movement was narrow and since the stock had such large downward moves in the past few trading days, the Stochastic and MACD indicators have barely budged from their downward slope. I am thinking sideways movement for a while.

SLV had a bearish day on less than average volume. The price movement was narrow so the already oversold Stochastic and MACD indicators are averaging sideways movement. I don't think it will stay down this low for much longer.

As for my paper trades, it was a mixed bag as half were up and the other half were down. JADE, JPM, and ISPH were up and looks like there is promise of more upside gains to come. My call option for JPM also gained. The one for JADE is waiting for some stronger movement in the underlying stock. S and PCS had bearish days, but S also gaped down first. Both of their price movement have already started to affect their Stochastic and MACD indicators. I am not feeling very confident in either of them. That is my opinion, you can take it or leave it.

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Tuesday, February 9, 2010

Portfolio Update

CPLP had a bullish day on greater than average volume. The price movement was bullish as well causing the Stochastic and MACD indicators to make a bullish moves as well. The Stochastic is maintaining it's upward trend and the MACD is turning upward to its signal line. Confidence is building.

EVEP had a bearish day on greater than average volume. The price movement was bullish after the open but the gap down for the open was never filled. The Stochastic and MACD indicators behaved as would be expected and continued pointing downward. The good news is that the low of a Friday was much lower and has not been exceeded. It might level out before reaching the low. Time will tell.

SLV had a bullish day on greater than average volume. The price movement was bullish as well and caused the Stochastic and MACD indicators to react bullishly. They are both pointing up now, which indicates that confidence is building.

As for all of my paper trades, there were a lot more bulls than bears as ISPH was the only one to lose value ($0.01). JADE and OPWV had meager moves up, while the rest were relatively strong. I will remain patient. That is my opinion, you can take it or leave it.

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Monday, February 8, 2010

Portfolio Update

CPLP had a bullish day on below average volume. The price movement was very broad but still being bullish enough to prevent the Stochastic indicator from going below its signal line. It was also strong enough to slow the decline of the MACD indicator. Things are looking better.

EVEP had a bullish day on below average volume. The price movement was a little broad but closed just slightly below the open. As a result, both the Stochastic and MACD indicators slowed down their declines. This still needs to be watched.

SLV had a bearish day on below average volume. The price movement was relatively narrow. With the ETF being so depressed lately, the Stochastic still made a move up, but it is deep in the oversold range. The MACD indicator reacted to the price movement by slowing its decline. It is at another point that could see a big turn around.

My paper trades were a mixed bag as well. JADE, JPM, OPWV and PCS all had bearish days. The JADE call option is still the same, the JPM call option slipped down with the stock, and the PCS option actually gained a little. The remaining stocks, S and ISPH closed with gains. All of them should be turning up soon, but their behaviors are giving me mixed opinions. I have the least amount of confidence in OPWV. That is my opinion, you can take it or leave it.

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Friday, February 5, 2010

Portfolio Update

This week has been to look real bad the past couple of days, but is ending on a positive note. I see hammer dojis which suggest a reversal.

CPLP had a slightly bullish day on less than average volume. The price movement had a lot of bearish action but ended up, allowing the Stochastic indicator to remain above it's signal line and the MACD to reduce it's declining slop. I think it will either totally reverse or level off at this point.

EVEP had a bearish day on much greater than average volume. The price movement had a lot of bearish action but was able to recover most of it. This, however, wasn't enough to keep the Stochastic indicator and MACD indicators from declining further below their signal lines. On the other hand, because the sell off was mostly bought back, this suggests that the bulls think the price is a good value. I think that it will either level off or start to rally up.

SLV had a bearish day on greater than average volume. The price movement, however, ended higher than it opened. This caused the Stochastic indicator to start turning back up and the MACD to slightly slow it's decline. There may be a bounce, but lately SLV has been going sideways after a bullish indicator, so I am not sure if the declines are over.

PCS, S, and ISPH all recovered some, but all of my other paper trades are deep in the red still accept my call option on JADE. All of them are in position to run up, and have plenty of time to do so. I will be patient. That is my opinion, you can take it or leave it.

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Thursday, February 4, 2010

Portfolio Update

An all around bad day in the market today. I don't even know if I should bother to write anything today. But here we go anyway.

CPLP had a bearish day on greater than average volume. The price movement is so drastic that it the Stochastic indicator levels off, while the MACD completely changes direction and crosses below its signal line. But the bright side is that CPLP recovered a large portion of it's intra-day losses. This is a positive sign that people saw it as an opportunity to get into this fundamentally strong stock. I remain bullish as the stock pays a dividend and the long shadows on the past several trading days suggest to me that there is more of a transition of ownership than a sell off going on.

EVEP had a bearish day on greater than average volume. The price movement was deplorable as it could barely gain back any of its losses. Both the Stochastic and MACD indicators dropped below their signal lines, the MACD more drastically. I am now bearish this stock for the immediate future, but I am not dropping the stock yet as it is still fundamentally strong and I want to be paid the dividend.

SLV had a bearish day on greater than average volume. Like EVEP, the price movement was deplorable as it could barely gain back any of its losses. Both the Stochastic and MACD indicators dropped below their signal lines. However, I am not bearish SLV. I am leaving every cent in place.

My paper trades are not even worth mentioning. All were down and in losses except for the call option on JADE I added yesterday. Since they are all in over sold conditions, I might as well hold on to them and see how they play out. That is my opinion, you can take it or leave it.

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Wednesday, February 3, 2010

Portfolio Update

CPLP had a bullish day on higher than average volume, but its price movement was bearish after opening higher. Since it was able to maintain some of the gains from its open the Stochastic and MACD indicators maintained their bullish momentum. I also remain bullish on the stock.

EVEP had a bullish day on less than average volume, but its price movement was bearish after opening higher. If not for the consistent bullish buying after the morning sell off, the Stochastic and MACD indicators probably would have reacted differently. However, because it recovered much of the losses from the morning the Stochastic and MACD indicators maintained their bullish momentum. I also remain bullish on EVEP.

SLV had a bearish day on less than average volume, and the price movement was bearish as well. As a result the Stochastic and MACD indicators stopped moving up for now, but are more side ways than down. I remain bullish on SLV as I don't believe it will go below it's current lows.

My paper trades were a bit mixed. JPM had a bearish day but the call option I am in was bullish. OPWV, S and ISPH were all bearish as well, but the Stochastic and MACD indicators on them are all oversold, so I am thinking this is just some consolidation. JADE and PCS are both also looking good for a rally as the Stochastic and MACD indicators are pointing up after being oversold. I am adding JADE and PCS to my paper trade list as well as three call options for JADE and two call options for PCS. That is my opinion, you can take it or leave it.

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Tuesday, February 2, 2010

Portfolio Update

CPLP had a bearish day on slightly greater than average volume. Since the price movement was mostly above the close of the previous day the Stochastic indicator only slightly declined as its signal line came down to touch it as the MACD indicator slightly inclined higher above its signal line. I think there may be a slight pull back, but I don't think it will continue downwards. I remain bullish.

EVEP had a bullish day on less than average volume. But since the price started with a gap up and then closed higher after filling the gap, the Stochastic and MACD indicators continued to climb. The closing price is also higher than closing price of the last two peaks. I remain bullish.

SLV had a bearish day on less than average volume. Like CPLP, the price movement was mostly above the close of the previous day. As a result, the Stochastic and MACD indicator did not necessarily react negatively to it. In fact, they both inclined further. The Stochastic indicator moved up to come in contact with its signal line and the MACD indicator rose higher above its signal line. I remain bullish.

All of my current paper trades made gains. ISPH made penny gains, and appears to be still moving sideways. The Stochastic and MACD indicator are both oversold and appear to be getting ready to turn up. I will continue to hold. JPM made almost a dollar in gains and the Call Option I have on it also went up, but only 65 cents. OPWV made 13 cents on strong volume. It looks like it is going after a high of over $2.50. It may pull back from there, but I think it will go even higher. Yesterday I said I thought it might have been a mistake pulling out of S and today I see I was right. I am adding it back to my paper trades. That is my opinion, you can take it or leave it.

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Monday, February 1, 2010

Portfolio Update

CPLP had a bullish day on greater than average volume. Although the price movement was only strong enough to halt the decline of the Stochastic indicator, it was more than strong enough to reverse the direction of the MACD indicator, causing it to intersect with its signal line. I think it will be going up to about $10.

EVEP had a bullish day on greater than average volume. But because the price movement was so small and did not go above the open of yesterday, the Stochastic indicator crossed below its signal line. The MACD indicator, however, moved higher above its signal line because it was still an up day. I think it will be going up from here.

SLV had a bullish day on below average volume. But because the price movement was so large and started with a small gap up, the Stochastic indicator halted it's downward move and the MACD indicator turned up to almost intersect its signal line. I am bullish at this level.

ISPH, my paper trade, had a bearish day on less than average volume. The stock continues to look like it is just going to move sideways for now. OPWV had a bearish day while JPM had a bullish day. The general direction for both look more sideways than up or down. Will keep on watching. I got out of S last week and today it is looking like the choice to get in and out was premature. That is my opinion, you can take it or leave it.

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