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Check this out you will see what may be happening between STEEM and SBD..

https://steemit.com/steemdollar/@stealthtrader/the-steem-dollar-flippening-continues

Yea, you nailed it. Not that I’m exchanging Steem to SBD. I’m just holding SBD from my rewards. If it’s stays 1/1 for a few days I will get Steem.