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[Closing Position in City Telecom HK (CTEL)]

Dear Member:

City Telecom HK (CTEL) has bumped up today, again, on very light volume. I am going to try to take profit and close my position by placing an order to sell at a limit of $5.20. If filled, this will represent a before commission gain of 3%.

DISCLOSURE: At the time of publication, I own shares of CTEL.

Sincerely,
Bill Kraft

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