[Closing Position In Qiao Xing Universal Telephone (XING)]
Dear Member: Qiao Xing Universal Telephone (XING) moved up to resistance again this morning. It has not been able to break through so I am going to place an order to sell my shares at a limit of $7.20 in order to attempt to take profit. If filled, that will represent a return before commission of about 4.4% in little more than a weekend.
DISCLOSURE: At the time of publication, I own shares of XING.
Sincerely,
Bill Kraft
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