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It seems to automatically be applied to the highest price item in the cart as well.
Finally ordered the travel case I've had in my cart for a month or so. :)

can I place 5 order in 1 day?

I made two separate orders this morning using the same code and both seem to have gone through, at least in the sense that I received order confirmations for both orders. YMMV.

I was thinking about doing that too .. doing several separate orders.

I ended up buying a campy Record Shifter from PBK instead. still cheaper even with the 20% off from Performance.