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[Closing Half Hudson City Bancorp Position (HCBK)]

Dear Member:

Hudson City Bancorp (HCBK) has made an almost 4% move since my entry yesterday. I am going to try to take half my position off the table along with the profits on those shares and let the remainder run for a while. The order is to sell shares of HCBK at a limit of $15.70.

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

Sincerely,
Bill Kraft

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