[Closing Position In Hudson City Bancorp (HCBK)]
Dear Member:
Hudson City Bancorp (HCBK) built profit pretty quickly after my entry. It is now bumping against a resistance and, so far, has not broken through. I am placing an order to sell shares at a limit of $15.85. If filled, that will equal a 75 cent a share profit (5% return) before commission in a position I entered last Tuesday.
DISCLOSURE: At the time of publication, I own shares of HCBK.
Sincerely,
Bill Kraft
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