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[Closing Position in Northstar Realty (NRF)]

Dear Member:

Northstar Realty (NRF)looked like it was going to hold at old support around $9.50, but has broken that support as well as the 100 day moving average. In order to limit loss, I am placing an order to sell my shares of Northstar Realty (NRF) at the market.

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

Sincerely,
Bill Kraft

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