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what does flipping mean?

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Buying an item low and selling it higher then you bought it.

Such as buying a certain rune for 125 and selling it 130-135. 4 hour flip.
 
For example:

I am going to buy a shit ton of Rune Ess for 'x-amount' of gold, and flip it for 'y-amount' of gold.

Pretty much making profit.

People tend to use that literary term referencing to "flipping weed".
- For Ex:
Flip this 10sack for double...told a stupid freshman it was Sour Diesel.
 
its like u buy d claws for 30m and sell em for 32m, basicly thats flipping.
 
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