[Opening Position in Hudson City Bancorp (HCBK)]
Dear Member:
I am placing an order to buy shares of Hudson City Bancorp (HCBK) at a limit of $15.10. Though in an 'out-of-favor' sector, this bank has performed well and evidently is not as beset with sub-prime woes as many of its brethern. DMI is positive as is MACD and it is in a long term uptrend. I should note that options are available and I also like this stock as a covered call candidate.
DISCLOSURE: At the time of publication, I have no position in HCBK or any of its options.
Sincerely,
Bill Kraft
|
