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[Placing Stop on JER Investors Trust (JRT)]

Dear Member:

JER Investors Trust (JRT) is up over 4.5% this morning and, in an effort to protect profits, I am placing a stop to sell at $10.42. If filled at that price, I would realize a before commission gain of over 4% since my entry yesterday.

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

Sincerely,
Bill Kraft

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