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[Opening New Position in City Telecom HK (CTEL)]

Dear Member:

Earlier in the month I closed a profitable trade on City Telecom HK (CTEL). The stock now looks like it may be providing another entry. I am placing an order to buy CTEL at a limit of $7.90. As some who followed the earlier trade may recall, this one jumps around a little so I will need to watch pretty closely if my buy order is filled.

DISCLOSURE: At the time of publication, I have no position in CTEL.

Sincerely,
Bill Kraft

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